Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102065
Authors: 
Nyborg, Karine
Year of Publication: 
2014
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 08/2014
Abstract: 
It is often argued that projects involving public good changes should be chosen on the basis of monetary valuation and cost-benefit analysis (CBA). In democratic project selection processes, however, decision-makers cannot generally interpret CBA as measuring projects' social welfare effects. The reason is partly that decision-makers' views of the good society differ - that is, they typically do not hold the same social welfare function - and partly because separating efficiency and distribution is even less straightforward in democratic than in dictatorial decision-making processes.
Subjects: 
environmental cost-benefit analysis
ethics
democratic decision-making
JEL: 
A11
D31
D61
D63
D7
Document Type: 
Working Paper

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