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Ethical benefit–cost analysis as art and science: ten rules for benefit–cost analysis

In: Principles and Standards for Benefit–Cost Analysis

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  • Richard O. Zerbe

Abstract

Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.

Suggested Citation

  • Richard O. Zerbe, 2013. "Ethical benefit–cost analysis as art and science: ten rules for benefit–cost analysis," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 8, pages 264-293, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15126_8
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    References listed on IDEAS

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    1. McConnell, K. E., 1997. "Does Altruism Undermine Existence Value?," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 22-37, January.
    2. Richard Zerbe, 2004. "Should moral sentiments be incorporated into benefit-cost analysis? An example of long-term discounting," Policy Sciences, Springer;Society of Policy Sciences, vol. 37(3), pages 305-318, December.
    3. Zerbe, Richard O. & Anderson, C. Leigh, 2001. "Culture And Fairness In The Development Of Institutions In The California Gold Fields," The Journal of Economic History, Cambridge University Press, vol. 61(1), pages 114-143, March.
    4. Joseph Cook & Dale Whittington & Do Gia Canh & F. Reed Johnson & Andrew Nyamete, 2007. "Reliability Of Stated Preferences For Cholera And Typhoid Vaccines With Time To Think In Hue, Vietnam," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 100-114, January.
    5. Gene Rowe & George Wright, 2001. "Differences in Expert and Lay Judgments of Risk: Myth or Reality?," Risk Analysis, John Wiley & Sons, vol. 21(2), pages 341-356, April.
    6. Dale Whittington & Duncan Macrae, 1990. "Comment: Judgments about who has standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 536-547.
    7. Harberger, Arnold C, 1978. "On the Use of Distributional Weights in Social Cost-Benefit Analysis," Journal of Political Economy, University of Chicago Press, vol. 86(2), pages 87-120, April.
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    10. Richard O. Zerbe & Sunny Knott, 2004. "An Economic Justification For A Price Standard In Merger Policy: The Merger Of Superior Propane And Icg Propane," Research in Law and Economics, in: Antitrust Law and Economics, pages 409-444, Emerald Group Publishing Limited.
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    14. Jonathan A. Lesser & Richard O. Zerbe, 1994. "Discounting procedures for environmental (and other) projects: A comment on Kolb and Scheraga," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 13(1), pages 140-156.
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    1. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.

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