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New foundations of cost–benefit analysis

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  • Matthew Adler
  • Eric A. Posner

Abstract

This article responds to the criticisms of New Foundations of Cost–Benefit Analysis that appeared in a review by Amy Sinden, Douglas A. Kysar, and David M. Driesen. We argue that their criticisms are either based on misunderstandings of our approach or are too demanding, in the sense that no reasonable decision procedure would satisfy them. We illustrate this second argument by demonstrating that their preferred approach – feasibility analysis – has little to recommend it.

Suggested Citation

  • Matthew Adler & Eric A. Posner, 2009. "New foundations of cost–benefit analysis," Regulation & Governance, John Wiley & Sons, vol. 3(1), pages 72-83, March.
    • Handle: RePEc:wly:reggov:v:3:y:2009:i:1:p:72-83
    DOI: 10.1111/j.1748-5991.2009.01045.x
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    1. Matthew Adler, "undated". "Against 'Individual Risk': A Sympathetic Critique of Risk Assessment," Scholarship at Penn Law upenn_wps-1013, University of Pennsylvania Law School.
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