Who Has Standing in Cost-Benefit Analysis?
- 1 January 1990
- journal article
- Published by JSTOR in Journal of Policy Analysis and Management
- Vol. 9 (2) , 201
- https://doi.org/10.2307/3325412
Abstract
The issues involved in deciding whose preferences are to be counted in cost-benefit analysis are often misunderstood or controversial. This paper attempts to resolve the issues in a number of particular cases by looking to the fundamental value assumptions underlying cost-benefit analysis. Cost-benefit analysis is useful only to the extent that there exists a general consensus that the value assumptions are legitimate. Certain implications of the value assumptions prove useful in deciding what preferences have standing.Keywords
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