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Who has standing in cost-benefit analysis?

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  • William N. Trumbull

    (Assistant Professor of Economics at West Virginia University, Morgantown, West Virginia)

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    Abstract

    The issues involved in deciding whose preferences are to be counted in cost-benefit analysis are often misunderstood or controversial. This paper attempts to resolve the issues in a number of particular cases by looking to the fundamental value assumptions underlying cost-benefit analysis. Cost-benefit analysis is useful only to the extent that there exists a general consensus that the value assumptions are legitimate. Certain implications of the value assumptions prove useful in deciding what preferences have standing.

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    File URL: http://hdl.handle.net/10.2307/3325412
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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Journal of Policy Analysis and Management.

    Volume (Year): 9 (1990)
    Issue (Month): 2 ()
    Pages: 201-218

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    Handle: RePEc:wly:jpamgt:v:9:y:1990:i:2:p:201-218

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    Web page: http://www3.interscience.wiley.com/journal/34787/home

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    1. A. P. Thirlwall, 1983. "Introduction," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., M.E. Sharpe, Inc., vol. 5(3), pages 341-344, April.
    2. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, National Bureau of Economic Research, Inc, in: Essays in the Economics of Crime and Punishment, pages 1-54 National Bureau of Economic Research, Inc.
    3. A. Meltzer & Peter Ordeshook & Thomas Romer, 1983. "Introduction," Public Choice, Springer, Springer, vol. 41(1), pages 1-5, January.
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    Cited by:
    1. Robert, Christopher LeBaron & Zeckhauser, Richard Jay, 2010. "The Methodology of Positive Policy Analysis," Scholarly Articles, Harvard Kennedy School of Government 4450129, Harvard Kennedy School of Government.
    2. Christopher Robert & Richard Zeckhauser, 2011. "The methodology of normative policy analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 30(3), pages 613-643, 06.
    3. 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.
    4. Veisten, Knut & Stefan, Christian & Winkelbauer, Martin, 2013. "Standing in cost-benefit analysis of road safety measures: A case of speed enforcement vs. speed change," Transport Policy, Elsevier, vol. 30(C), pages 269-274.

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