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dc.contributor.authorNyborg, Karine
dc.coverage.spatialNorwaynb_NO
dc.date.accessioned2019-11-15T09:40:36Z
dc.date.available2019-11-15T09:40:36Z
dc.date.issued1995-02
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/2628696
dc.description.abstractCost-benefit analysis have been attacked by many critics because of its implicit ethical assumptions. The normative content of the method is at odds with the common attitude that economists should analyze how to reach given goals, while determination of the goals should be left to the politicians. This paper presents a descriptive model of decision makers' behavior, demonstrating that rational, benevolent politicians will only in special cases accept the evaluation of projects resulting from a cost-benefit analysis. An alternative approach to project evaluation, which allows individual decision makers to rank projects in accordance with their own ethical views, is presented. In this framework, estimates of willingness to pay are generally not required. On the other hand, information about groups that are significantly affected by the project, as well as physical unit information on changes in the supply of public goods, is crucial.nb_NO
dc.description.sponsorshipNorwegian Research Councilnb_NO
dc.language.isoengnb_NO
dc.publisherStatistisk sentralbyrånb_NO
dc.relation.ispartofseriesDiscussion papers;137
dc.subjectJEL classification: Allnb_NO
dc.subjectJEL classification: D61nb_NO
dc.subjectJEL classification: D78nb_NO
dc.subjectJEL classification: D83nb_NO
dc.subjectJEL classification: H43nb_NO
dc.titleProject evaluations and decision processesnb_NO
dc.typeWorking papernb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Matematikk og Naturvitenskap: 400::Matematikk: 410::Statistikk: 412nb_NO
dc.source.pagenumber30nb_NO


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