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Applied Economics Letters Volume 25, 2018 - Issue 7
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Article

Are there inherent biases in applying cost–benefit analysis?

Kenneth J. ButtonSchar School of Policy and Government, George Mason University, Arlington, VA, USACorrespondence[email protected]
&
Johan E. EklundDepartment of Industrial Economics, Blekinge Institute of Technology and Swedish Entrepreneurship Forum, Stockholm, Sweden
Pages 461-464 | Published online: 26 May 2017

References

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  • Flyvbjerg, B. 2009. “Survival of the Unfittest: Why the Worst Infrastructure Gets Built—And What We Can Do about It.” Oxford Review of Economic Policy 25: 344–367. doi:10.1093/oxrep/grp024.
  • Gorman, W. M. 1955. “The Intransitivity of Certain Criteria Used in Welfare Economics.” Oxford Economic Papers VII: 25–34. doi:10.1093/oxfordjournals.oep.a042338.
  • Hoehn, J. P., and A. Randall. 1989. “Too Many Proposals Pass the Benefit Cost Test.” The American Economic Review 79: 544–551.
  • Hoehn, J. P., and A. Randall. 1991. “Too Many Proposals Pass the Benefit Cost Test: Reply.” The American Economic Review 81: 1450–1452.
  • Kahneman, D., and A. Tversky. 1979. “Prospect Theory: An Analysis of Decision under Risk.” Econometrica 47: 263–327. doi:10.2307/1914185.
  • Quiggin, J. 1991. “Too Many Proposals Pass the Benefit Cost Test: Comment.” The American Economic Review 81: 1446–1449.
  • Stigler, G. J. 1971. “The Theory of Economic Regulation.” The Bell Journal of Economics and Management Science 2: 3–19. doi:10.2307/3003160.

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