Comment: Does benefit cost analysis stand alone? rights and standing
AbstractThe issue of standing in benefit cost analysis is not different from the issue of rights. Benefit cost analysis contributes to legal analysis and also rests upon legal analysis. Debates about standing issues can be reinterpreted as questions of the role of benefit cost analysis when rights are uncertain at the margin. This perspective illumines such questions as whether gains to the criminal count and what weight should be given to expert opinion, to irrational fears, and to gains or losses by foreigners. This perspective is also consistent with a rights-based interpretation of 1) the willingness-to-pay approach, 2) an approach that considers distributional consequences, and 3) an approach that ignores distributional consequences when the costs of determining them are likely to be greater than the benefits.
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Journal of Policy Analysis and Management.
Volume (Year): 10 (1991)
Issue (Month): 1 ()
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- Richard Thaler & William Gould, 1982. "Public policy toward life saving: Should consumer preferences rule?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 1(2), pages 223-242.
- William N. Trumbull, 1990. "Reply to whittington and macRae," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 548-550.
- Campbell, Harry F. & Brown, Richard P.C., 2005.
"A multiple account framework for cost-benefit analysis,"
Evaluation and Program Planning,
Elsevier, vol. 28(1), pages 23-32.
- Prof Harry Campbell & Assoc Prof Richard Brown, 2003. "A Multiple Account Framework For Cost-Benefit Analysis," Discussion Papers Series 328, School of Economics, University of Queensland, Australia.
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