Benefit–Cost Analysis, Individual Differences, and Third Parties

Abstract

Benefit–cost analysis took root in the U.S. at the federal level in the 1930s with the use of the method by the Army Corps of Engineers. It now is used widely by government agencies and research organizations. The practice has long been controversial, and it remains so. Some critics find the weaknesses of benefit–cost analysis to be so severe as to warrant abandoning its practice.

Citation

Goulder, L.H. (2007), "Benefit–Cost Analysis, Individual Differences, and Third Parties", Zerbe, R.O. (Ed.) Research in Law and Economics (Research in Law and Economics, Vol. 23), Emerald Group Publishing Limited, Leeds, pp. 67-86. https://doi.org/10.1016/S0193-5895(07)23003-9