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Cost-Benefit Analysis as a Failure to Learn from the Past

Author

Listed:
  • James Broughel

    (Mercatus Center at George Mason University)

Abstract

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Suggested Citation

  • James Broughel, 2020. "Cost-Benefit Analysis as a Failure to Learn from the Past," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 35(Spring 20), pages 105-113.
    • Handle: RePEc:jpe:journl:1663
    as

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    References listed on IDEAS

    as
    1. Viscusi, W. Kip & Huber, Joel & Bell, Jason, 2019. "Responsible Precautions for Uncertain Environmental Risks," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 10(2), pages 296-315, July.
    2. Moore Mark A. & Vining Aidan R. & Boardman Anthony E., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(1), pages 1-16, March.
    3. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014. "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(2), pages 145-163.
    4. Burgess, David F., 2013. "Reconciling alternative views about the appropriate social discount rate," Journal of Public Economics, Elsevier, vol. 97(C), pages 9-17.
    5. Liu, Liqun, 2003. "A marginal cost of funds approach to multi-period public project evaluation: implications for the social discount rate," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1707-1718, August.
    6. Sterner, Thomas & Tol, Richard S. J. & Weitzman, Martin L. & Pizer, William A. & Portney, Paul R. & Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newe, 2014. "Should Governments Use a Declining Discount Rate in Project Analysis?," Scholarly Articles 33373349, Harvard University Department of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Broughel, James, 2021. "Rehabilitating the Opportunity Cost of Capital in Cost–Benefit Analysis," Working Papers 11433, George Mason University, Mercatus Center.

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    More about this item

    Keywords

    cost-benefit analysis; social welfare function; social discount rate; shadow price of capital;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • D6 - Microeconomics - - Welfare Economics
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • K2 - Law and Economics - - Regulation and Business Law

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