Who has standing in cost-benefit analysis?

William N. Trumbull
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William N. Trumbull: Assistant Professor of Economics at West Virginia University, Morgantown, West Virginia, Postal: Assistant Professor of Economics at West Virginia University, Morgantown, West Virginia

Journal of Policy Analysis and Management, 1990, vol. 9, issue 2, 201-218

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.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:9:y:1990:i:2:p:201-218

DOI: 10.2307/3325412

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