Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244479 
Year of Publication: 
2012
Series/Report no.: 
Working Paper No. 5/2012
Publisher: 
Örebro University School of Business, Örebro
Abstract: 
We compare state-of-the-art implementation of Benefit Cost Analysis (BCA) and Cost Utility Analysis (CUA) as tools for making priorities in allocation of national public funds in the transport sector and health sector, respectively, in Sweden. While the principal distinctions between these methods are well known, less notice has been given to a number of other differences that have emerged as national and international practices have evolved over time along separate lines. We compare cost and benefit components and economic parameter values and find some surprising disparities. There are inconsistencies, both across methods and within each method. Both can be improved by learning from the other. We also find that some current practices conflict with the underlying welfare theory and/or insights from recent empirical analysis.
Subjects: 
Benefit Cost Analysis
Cost Utility Analysis
JEL: 
D61
H51
I18
Document Type: 
Working Paper

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