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Cost Benefit Analysis And Its Uses
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CBA and Injustice, section 10.5. The use of cost benefit analysis as a tool to determine public policy has many shortcomings we would prefer to avoid. The topic of this section is the lack of justice inherent to CBA and comparing it to other types of measuring systems.
The Pareto Criterion is ba ....
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....the prices used in the study. It is very possible to accidentally, or intentionally, use fudged numbers, which drastically change the outcome of the CBA.
Prices may be excluded from the analysis, which were not anticipated or were purposely omitted due to biases of the people doing the analysis. The articles gave several examples, most were not needed but did show how drastic the outcome can be changed. To better understand how easy this would be just try to make a budget for yourself and sti.... |
| Number of words: 720 |
Approximate pages: 3 |
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