The issue of standing in cost-benefit analysis
Insufficient attention has been given in cost-benefit analysis to whose benefits are to be counted. Foreigners, illegal aliens, fetuses, and criminals are problematic cases. Persons or entities may be given “standing” by participation in decision processes; by having their preferences counted, if meaningful preferences exist; by having their welfare counted, if they cannot express their preferences; or by representation by others whom they do not choose. Problems of standing arise in the valuation of life, the consideration of future generations and nonhuman entities, and equity weighting. These problem may be treated by altering the scope of the expert community or by interaction between that community and the political community. They are not always resolvable, but should be treated more explicitly.
Volume (Year): 5 (1986)
Issue (Month): 4 ()
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