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Cost Benefit Analysis And Its Uses
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CBA and Injustice, section 10.5. The use of cost benefit analysis as a tool to determine public policy has many shortcomings we would prefer to avoid. The topic of this section is the lack of justice inherent to CBA and comparing it to other types of measuring systems.
The Pareto Criterion is based on the idea that a policy is acceptable if it ....
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....emocracy we seem to want to follow. When it becomes possible for people to buy the CBA justice cannot follow.
Unreliability: Shadow Prices and Discount Rates, 10.6. Another huge problem with CBA is the prices used in the study. It is very possible to accidentally, or intentionally, use fudged numbers, which drastically change the outcome of the .... |
| Word count: 720 |
Page count: 3 |
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