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Nonmonetary Variables in Benefit-Cost Evaluation

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  • Stuart S. Nagel

    (University of Illinois)

Abstract

Nonmonetary benefits in benefit-cost evaluation can be dealt with by converting the choices into questions regarding whether a given nonmonetary return is worth more or less than a given dollar cost. Answering such questions enables one to pick the alternative that is best on benefits minus costs, even though the benefits and costs cannot be measured in the same units.

Suggested Citation

  • Stuart S. Nagel, 1983. "Nonmonetary Variables in Benefit-Cost Evaluation," Evaluation Review, , vol. 7(1), pages 37-64, February.
    • Handle: RePEc:sae:evarev:v:7:y:1983:i:1:p:37-64
    DOI: 10.1177/0193841X8300700103
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    References listed on IDEAS

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    1. Sugden, Robert & Williams, Alan, 1978. "The Principles of Practical Cost-Benefit Analysis," OUP Catalogue, Oxford University Press, number 9780198770411.
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