Voluntariness and the bounds of cost–benefit analysis
Bibliographic Data
| ID | 13109490 |
|---|---|
| Authors | Robert Sugden (0000-0002-3401-3139, University of East Anglia, corresponding author) |
| Year | 2023 |
| Volume | 7 |
| Issue | 4 |
| Pages | 954-962 |
| Publication date | 2023-02-27 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Behavioural Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 2398-063X • E-ISSN: 2398-0648 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/bpp.2023.7 |
| OpenAlex | W4322499745 |
| Language | EN |
| References cited | 5 |
Behavioural economists often claim that their policy recommendations are justified by cost–benefit analysis (CBA), but without adequate explanation of the methodology they have in mind. I sketch the outlines of a CBA methodology that is compatible with the findings of behavioural economics and is in accord with my account in Sugden (2018) of a well-functioning market as a network of opportunities for mutually beneficial transactions. The key idea is that the CBA of a project is concerned only with effects that are not transmitted through voluntary interactions. I illustrate this proposal by considering the appraisal of fuel economy mandates
Business · Computer security · Cost–benefit analysis · Economics · Key (lock · Management science · Political science · Positive economics · Public economics · Risk analysis (engineering · Sketch · Voluntariness · Climate Change Policy and Economics · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Law
| Citation velocity | historical |
|---|---|
| Highly cited | No |