Members of the Norwegian Parliament were interviewed about their use of cost-benefit analysis in the political treatment of a road investment plan. Most respondents found the cost-benefit ratio useful as a screening device to pick projects requiring closer political attention but few seemed to actually use it to rank projects. Attitudes towards cost-benefit analysis varied along the left-right political axis, with politicians to the left being the most skeptical. These findings are consistent with a hypothesis that politicians rationally maximize subjective, but different, perceptions of social welfare. Copyright 1998 by Kluwer Academic Publishers
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Article provided by Springer in its journal Public Choice.
Volume (Year): 95 (1998) Issue (Month): 3-4 (June) Pages: 381-401 Download reference. The following formats are available: HTML
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