On the Feasibility of Benefit-Cost Analysis
Public Policy, Vol. XXXIX, No. 2, Spring 1981
8 Pages Posted: 4 Apr 2013
The correct conduct of benefit-cost analyses requires that consistency be maintained between benefit-cost measures and rationing-supply acquisition policies. This article demonstrates the technical and political difficulties that are associated with maintaining this required consistency. Given these difficulties, we question the feasibility of conducting correctly benefit-cost studies.
Keywords: Benefit Cost Analysis, Feasibility, Public Policy, Measures, Rationing Supply Acquisition
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