Cost-Benefit Analysis and the Environment: Recent Developments

The Political Economy of Cost-benefit Analysis

DOI:https://dx.doi.org/10.1787/9789264010055-20-en

CBA works with a well-defined “objective function” – the thing to be maximised. But this is unlikely to coincide with what political bodies actually do. This chapter reviews the goals that political entities might actually maximise (the “political ...



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