Benefit-Cost Analysis: a Pedagogical Note  

Oleh:

Cohn, Elchanan

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Public Finance Review vol. 31 no. 5 (Sep. 2003), page 534-549.
Topik: benefit-cost analysis; public finance; social welfare change; public policy; welfare maximization
Fulltext: 534PFR315.pdf (61.43KB)

Isi artikel

All major pubic finance texts offer some treatment of benefit-cost analysis. The typical treatment, however, glosses over the welfare economic foundations of modern benefitcost analysis and therefore denies the student a broader viewof the subject. The student might be misled to believe that, although some difficulties arise in the application of the benefit-cost techniques, the basic idea of conducting benefit-cost analysis is relatively noncontroversial. In addition, almost all textbooks give an incomplete treatment to the ranking of alternative projects, comparisons of alternative decision criteria, and other problems associated with benefit-cost analysis. This article attempts to address some of these gaps.

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