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Sensitivity Analysis In Benefit Cost Analysis: A Key To Increased Use And Acceptance

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  • JOHN MERRIFIELD

Abstract

“We must insist that all empirical studies offer convincing evidence of inferential sturdiness.” Sensitivit

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  • John Merrifield, 1997. "Sensitivity Analysis In Benefit Cost Analysis: A Key To Increased Use And Acceptance," Contemporary Economic Policy, Western Economic Association International, vol. 15(3), pages 82-92, July.
    • Handle: RePEc:bla:coecpo:v:15:y:1997:i:3:p:82-92
    DOI: 10.1111/j.1465-7287.1997.tb00480.x
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    1. Mendelsohn, Robert & Strang, William J, 1984. "Cost-Benefit Analysis under Uncertainty: Comment," American Economic Review, American Economic Association, vol. 74(5), pages 1096-1099, December.
    2. Robert W. Hahn & Richard L. Schmalensee & Roger Noll & Robert Stavins & Lester B. Lave & George C. Eads & Milton Russell & V. Kerry Smith & Maureen L. Cropper & Paul R. Portney & Kenneth J. Arrow, 1996. "Benefit-Cost Analysis in Environmental, Health, and Safety Regulation: A Statement of Principles," Books, American Enterprise Institute, number 51790, September.
    3. Ramsey, David D, 1969. "On the Social Rate of Discount: Comment," American Economic Review, American Economic Association, vol. 59(5), pages 919-924, December.
    4. Usher, Dan, 1969. "On the Social Rate of Discount: Comment," American Economic Review, American Economic Association, vol. 59(5), pages 925-929, December.
    5. Jackson, L.A. & Schuchat, A. & Gorsky, R.D. & Wenger, J.D., 1995. "Should college students be vaccinated against meningococcal disease? A cost-benefit analysis," American Journal of Public Health, American Public Health Association, vol. 85(6), pages 843-845.
    6. Graham, Daniel A, 1981. "Cost-Benefit Analysis under Uncertainty," American Economic Review, American Economic Association, vol. 71(4), pages 715-725, September.
    7. Ginsberg, G.M. & Silverberg, D.S., 1994. "A cost-benefit analysis of legislation for bicycle safety helmets in Israel," American Journal of Public Health, American Public Health Association, vol. 84(4), pages 653-656.
    8. Peter Söderbaum, 1991. "Benefit-Cost Analysis. A Political Economy Approach," Journal of Economic Issues, Taylor & Francis Journals, vol. 25(1), pages 261-263, March.
    9. Louis De Alessi, 1996. "Error and Bias in Benefit-Cost Analysis: HUD's Case for the Wind Rule," Cato Journal, Cato Journal, Cato Institute, vol. 16(1), pages 129-147, Spring/Su.
    10. Kenneth J. Arrow & Robert C. Lind, 1974. "Uncertainty and the Evaluation of Public Investment Decisions," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 3, pages 54-75, Palgrave Macmillan.
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    Cited by:

    1. Barbaros Yet & Christine Lamanna & Keith D Shepherd & Todd S Rosenstock, 2020. "Evidence-based investment selection: Prioritizing agricultural development investments under climatic and socio-political risk using Bayesian networks," PLOS ONE, Public Library of Science, vol. 15(6), pages 1-22, June.
    2. Scott Farrow, 2004. "Using Risk Assessment, Benefit‐Cost Analysis, and Real Options to Implement a Precautionary Principle," Risk Analysis, John Wiley & Sons, vol. 24(3), pages 727-735, June.
    3. Junrui Xu & James H. Lambert, 2013. "Distributed travel time savings of a multiscale transportation access management program," Environment Systems and Decisions, Springer, vol. 33(3), pages 362-375, September.
    4. Simon Niemeyer & Clive L Spash, 2001. "Environmental Valuation Analysis, Public Deliberation, and their Pragmatic Syntheses: A Critical Appraisal," Environment and Planning C, , vol. 19(4), pages 567-585, August.
    5. James H. Lambert & Mark W. Farrington, 2006. "Risk‐Based Objectives for the Allocation of Chemical, Biological, and Radiological Air Emissions Sensors," Risk Analysis, John Wiley & Sons, vol. 26(6), pages 1659-1674, December.
    6. Junrui Xu & James H. Lambert, 2015. "Risk‐Cost‐Benefit Analysis for Transportation Corridors with Interval Uncertainties of Heterogeneous Data," Risk Analysis, John Wiley & Sons, vol. 35(4), pages 624-641, April.
    7. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
    8. Lambert, James H. & Farrington, Mark W., 2007. "Cost–benefit functions for the allocation of security sensors for air contaminants," Reliability Engineering and System Safety, Elsevier, vol. 92(7), pages 930-946.

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