Cost-Benefit Analysis, Incommensurability and Rough Equality

@article{Aldred2002CostBenefitAI,
  title={Cost-Benefit Analysis, Incommensurability and Rough Equality},
  author={Jonathan Aldred},
  journal={Environmental Values},
  year={2002},
  volume={11},
  pages={27-47}
}
A recurring question about cost-benefit analysis (CBA) concerns its scope. CBA is a decision-making method frequently employed in environmental policy-making, in which things which have no market price are treated as if they were commodities. They are given a monetary value, a form of price. But it is widely held that some things cannot be meaningfully priced, thus substantially limiting the scope of CBA. The aim of this paper is to test some aspects of this broad claim, focusing on problems of… 
Incommensurability and Monetary Valuation
At the very heart of environmental cost-benefit analysis (CBA) is the claim that benefits and costs can be expressed in terms of money and hence made comparable. In particular, CBA puts all benefits
Cost‐benefit analysis: its usage and critiques
The goal of this paper is to deliver a concise form of discussion on the use of cost-benefit analysis (CBA) in environmental policy formulation in the scholarships. There have been several critiques
Natura Economica in environmental valuation
Cost-benefit analysis is widely acknowledged to be an appropriate tool for providing advice to policy makers on the optimal use and management of natural resources. However, a great deal of research
Sustainability criteria : compensation preferences and WTP to avoid future oil spills in Spain
This thesis explores the theoretical debate regarding the pursuit of weak versus strong sustainability (SS). It is argued that the choice between these paradigms needs better scientific information
Contingent Valuation Design and Data Treatment: If You Can't Shoot the Messenger, Change the Message
The contingent valuation method has become an established and major part of the toolbox used to produce monetary values for evaluating environmental changes. It has been used to inform everything
Sustainability auditing and assessment challenges
The purpose of this short overview paper is to set out the basic meaning of the concept of sustainable development and the challenges it poses for society. The paper also explores the complexities
Cost-benefit analysis in practice
  • N. Mouter
  • Political Science
    Cost-Benefit Analysis and the Environment
  • 2018
In most western countries Cost-Benefit Analysis (CBA) is used to inform decision makers about positive and negative effects for society of transport policy options. However, the way CBA is perceived
...
...

References

SHOWING 1-10 OF 26 REFERENCES
Incommensurability and Cost-Benefit Analysis
a governmental project are reduced to monetary sums and then aggregated, with total money costs subtracted from total money benefits, so that the project ultimately is assigned a single net money
The Discipline of Cost‐Benefit Analysis
  • A. Sen
  • Economics
    The Journal of Legal Studies
  • 2000
Cost‐benefit analysis is a general discipline, based on the use of some foundational principles, which are not altogether controversial, but have nevertheless considered plausibility. Divisiveness
The Valuation of the Social Income
THE Social Income consists of a collection of goods and services valued in terms of money. Its precise definition thus involves two problems: one of the correct enumeration of the real goods and
Comparability of Values, Rough Equality, and Vagueness: Griffin and Broome on Incommensurability
There are several different forms of comparability involving prudential values. Comparisons of values in the abstract, of realizations of some value, and of options which realize values, are
The Philosophy of Economics: Welfare Propositions of Economics and Interpersonal Comparisons of Utility
Nicholas Kaldor (1908–1986) was born in Budapest and educated in Budapest, Berlin, and at the London School of Economics. In addition to an academic career, which was centered at Cambridge
Are Market Norms and Intrinsic Valuation Mutually Exclusive?
Are market norms and intrinsic valuation mutually exclusive? Many important philosophers have endorsed the thought that market institutions necessarily evacuate non-instrumental value and hence the
Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay
I would like to extend my thanks to my colleague, Harry G. Johnson, for hi8 helpful comments, to Daniel Wisecarver, for help extending well beyond the normal call of duty for a research assistant,
Contingent Valuation When Respondents Are Ambivalent
Abstract Respondents to contingent valuation surveys may have difficulty resolving ambivalence over trade-offs between money and changes in levels of environmental amenities. In two separate studies,
Were the Ordinalists Wrong About Welfare Economics
Introduction
TLDR
Although many of the concepts in indentation mechanics are rudimentary, the mathematical complexity of elastic, plastic, and time dependent deformation has in many instances eluded closed-form solutions, so more advanced techniques have been brought to bear to further advance the field.
...
...