Arbeitspapier
Project Evaluations and Decision Processes
Cost-benefit analysis have been attacked by many critics because of its implicit ethical assumptions. The normative content of the method is at odds with the common attitude that economists should analyze how to reach given goals, while determination of the goals should be left to the politicians. This paper presents a descriptive model of decision makers' behavior, demonstrating that rational, benevolent politicians will only in special cases accept the evaluation of projects resulting from a cost-benefit analysis. An alternative approach to project evaluation, which allows individual decision makers to rank projects in accordance with their own ethical views, is presented. In this framework, estimates of willingness to pay are generally not required. On the other hand, information about groups that are significantly affected by the project, as well as physical unit information on changes in the supply of public goods, is crucial.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 137
- Klassifikation
-
Wirtschaft
Role of Economics; Role of Economists; Market for Economists
Allocative Efficiency; Cost-Benefit Analysis
Positive Analysis of Policy Formulation and Implementation
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Project Evaluation; Social Discount Rate
- Thema
-
Cost-benefit analysis
welfare judgements
information constraint.
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nyborg, Karine
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
1995
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Nyborg, Karine
- Statistics Norway, Research Department
Entstanden
- 1995
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