2017
DOI: 10.4324/9781351162685
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Beyond Benefit Cost Analysis

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(1 citation statement)
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“…Cost-benefit analysis distinguished itself by defining the overall impacts of a policy or project through a single unit, as aggregate (net) costs and benefits to human well-being, usually through a financial indicator (financial cost-benefit analysis) or as a measure of utility (social cost-benefit analysis). In the case of sustainable development more broadly defined, the social cost-benefit analysis can provide the added value of quantifying and monetising many development aspects that are not directly linked to the market (Atkinson and Mourato 2006;Patassini 2005). However, relying on only one final number can conceal important distributional effects across different stakeholders-who bear the costs and who gain from the benefits-but also across the different areas of sustainable development, for example high benefits to poverty reduction but substantial costs to health.…”
Section: 6mentioning
confidence: 99%
“…Cost-benefit analysis distinguished itself by defining the overall impacts of a policy or project through a single unit, as aggregate (net) costs and benefits to human well-being, usually through a financial indicator (financial cost-benefit analysis) or as a measure of utility (social cost-benefit analysis). In the case of sustainable development more broadly defined, the social cost-benefit analysis can provide the added value of quantifying and monetising many development aspects that are not directly linked to the market (Atkinson and Mourato 2006;Patassini 2005). However, relying on only one final number can conceal important distributional effects across different stakeholders-who bear the costs and who gain from the benefits-but also across the different areas of sustainable development, for example high benefits to poverty reduction but substantial costs to health.…”
Section: 6mentioning
confidence: 99%