Skip to main content
×
×
Home

Some Pitfalls of Practical Benefit-Cost Analysis

  • Clark Nardinelli (a1)
Abstract

Practitioners of benefit-cost analysis face many difficulties. Despite the best training, guidance, and intentions, practitioners can stumble: actual benefit-cost analysis is hard and mistakes get made. Over the years, I have collected the mistakes I have seen in actual benefit-cost analyses. Many of the same mistakes occur over and over: the pitfalls of practical benefit-cost analysis. In this paper, I describe common pitfalls and suggest ways to avoid them.

  • View HTML
    • Send article to Kindle

      To send this article to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle. Find out more about sending to your Kindle.

      Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

      Find out more about the Kindle Personal Document Service.

      Some Pitfalls of Practical Benefit-Cost Analysis
      Available formats
      ×
      Send article to Dropbox

      To send this article to your Dropbox account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your <service> account. Find out more about sending content to Dropbox.

      Some Pitfalls of Practical Benefit-Cost Analysis
      Available formats
      ×
      Send article to Google Drive

      To send this article to your Google Drive account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your <service> account. Find out more about sending content to Google Drive.

      Some Pitfalls of Practical Benefit-Cost Analysis
      Available formats
      ×
Copyright
References
Hide All
Boardman, Anthony, Greenberg, David, Vining, Aiden & Weimer, David (2011). Cost-Benefit Analysis: Concepts and Practice. (4th ed.). Upper Saddle River: Pearson–Prentice Hall.
Cawley, John(Ed.) (2011). The Economics of Obesity. In The Oxford Handbook of the Social Science of Obesity. Oxford: Oxford University Press.
Dudley, Susan, Belzer, Richard, Blomquist, Glenn, Brennan, Timothy, Carrigan, Christopher, Cordes, Joseph, Cox, Louis A., Fraas, Arthur, Graham, John, Gray, George, Hammitt, James, Krutilla, Kerry, Linquiti, Peter, Lutter, Randall, Mannix, Brian, Shapiro, Stuart, Smith, Anne, Viscusi, W. Kip & Zerbe, Richard (2017). Consumer’s Guide to Regulatory Impact Analysis: Ten Tips for Being an Informed Policymaker. Journal of Benefit-Cost Analysis, 8(2), 187204.
Farrow, Scott & Zerbe, Richard O., Jr.(Eds.) (2013). Principles and Standards for Benefit-Cost Analysis. Herndon, VA: Edward Elgar.
Harrington, Winston, Morgenstern, Richard D. & Nelson, Peter (2000). On the Accuracy of Regulatory Cost Estimates. Journal of Policy Analysis and Management, 19(2), 297322.
Thaler, Richard (2000). From Homo Economicus to Homo Sapiens. Journal of Economic Perspectives, 14(1), 133141.
U.S. Environmental Protection Agency(2010). Guidelines for Preparing Economic Analysis. EPA 240-R-10-001. http://yosemite.epa.gov/ee/epa/eed.nsf/pages/guidelines.html.
Weimer, David L. (2017). Behavioral Economics for Cost-Benefit Analysis. Cambridge: Cambridge University Press.
Zerbe, Richard O. & McCurdy, Howard E. (1999). The Failure of Market Failure. Journal of Policy Analysis and Management, 18(4), 558578.
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Journal of Benefit-Cost Analysis
  • ISSN: 2194-5888
  • EISSN: 2152-2812
  • URL: /core/journals/journal-of-benefit-cost-analysis
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Keywords

Metrics

Full text views

Total number of HTML views: 22
Total number of PDF views: 78 *
Loading metrics...

Abstract views

Total abstract views: 223 *
Loading metrics...

* Views captured on Cambridge Core between 28th August 2018 - 18th September 2018. This data will be updated every 24 hours.