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Ethical benefit–cost analysis as art and science: ten rules for benefit–cost analysis

In: Principles and Standards for Benefit–Cost Analysis

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  • Richard O. Zerbe
Abstract
Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.

Suggested Citation

  • Richard O. Zerbe, 2013. "Ethical benefit–cost analysis as art and science: ten rules for benefit–cost analysis," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 8, pages 264-293, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15126_8
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    References listed on IDEAS

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    1. McConnell, K. E., 1997. "Does Altruism Undermine Existence Value?," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 22-37, January.
    2. Richard Zerbe, 2004. "Should moral sentiments be incorporated into benefit-cost analysis? An example of long-term discounting," Policy Sciences, Springer;Society of Policy Sciences, vol. 37(3), pages 305-318, December.
    3. Zerbe, Richard O. & Anderson, C. Leigh, 2001. "Culture And Fairness In The Development Of Institutions In The California Gold Fields," The Journal of Economic History, Cambridge University Press, vol. 61(1), pages 114-143, March.
    4. Joseph Cook & Dale Whittington & Do Gia Canh & F. Reed Johnson & Andrew Nyamete, 2007. "Reliability Of Stated Preferences For Cholera And Typhoid Vaccines With Time To Think In Hue, Vietnam," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 100-114, January.
    5. Gene Rowe & George Wright, 2001. "Differences in Expert and Lay Judgments of Risk: Myth or Reality?," Risk Analysis, John Wiley & Sons, vol. 21(2), pages 341-356, April.
    6. Dale Whittington & Duncan Macrae, 1990. "Comment: Judgments about who has standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 536-547.
    7. Harberger, Arnold C, 1978. "On the Use of Distributional Weights in Social Cost-Benefit Analysis," Journal of Political Economy, University of Chicago Press, vol. 86(2), pages 87-120, April.
    8. Robert A. Pollak, 1996. "Government Risk Regulation," The ANNALS of the American Academy of Political and Social Science, , vol. 545(1), pages 25-34, May.
    9. Douglas Easterling, 1992. "Fair rules for siting a high-level nuclear waste repository," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 11(3), pages 442-475.
    10. Richard O. Zerbe & Sunny Knott, 2004. "An Economic Justification For A Price Standard In Merger Policy: The Merger Of Superior Propane And Icg Propane," Research in Law and Economics, in: Antitrust Law and Economics, pages 409-444, Emerald Group Publishing Limited.
    11. Andreoni, James, 1995. "Cooperation in Public-Goods Experiments: Kindness or Confusion?," American Economic Review, American Economic Association, vol. 85(4), pages 891-904, September.
    12. Kunreuther, Howard & Easterling, Douglas, 1990. "Are Risk-Benefit Tradeoffs Possible in Siting Hazardous Facilities?," American Economic Review, American Economic Association, vol. 80(2), pages 252-256, May.
    13. Nussbaum, Martha C, 2000. "The Costs of Tragedy: Some Moral Limits of Cost-Benefit Analysis," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 1005-1036, June.
    14. Jonathan A. Lesser & Richard O. Zerbe, 1994. "Discounting procedures for environmental (and other) projects: A comment on Kolb and Scheraga," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 13(1), pages 140-156.
    15. Paul R. Portney, 1992. "Trouble in happyville," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 11(1), pages 131-132.
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    17. Richard O. Zerbe Jr & Allen S. Bellas, 2006. "A Primer for Benefit–Cost Analysis," Books, Edward Elgar Publishing, number 3480.
    18. Jack L. Knetsch, 1995. "Assumptions, behavioral findings, and policy analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 14(1), pages 68-78.
    19. Joseph Cook, 2007. "Reliability Of Stated Preferences For Cholera And Typhoid Vaccines With Time To Think In Hue, Vietnam," EEPSEA Special and Technical Paper sp200701s1, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 2007.
    20. Richard O. Zerbe & Howard E. McCurdy, 1999. "The failure of market failure," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(4), pages 558-578.
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    1. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.

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