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Benefit-Cost Analysis: Its Relevance to Public Investment Decisions

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  • Arthur Maass

Abstract

What is the problem? 208. — Have benefits been overestimated? 211. — How did we get to where we are? 212. — What changes in welfare economics theory are needed? 213. — What is the evidence that trade-offs can be determined? 218. —The lesson, 225.

Suggested Citation

  • Arthur Maass, 1966. "Benefit-Cost Analysis: Its Relevance to Public Investment Decisions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 208-226.
    • Handle: RePEc:oup:qjecon:v:80:y:1966:i:2:p:208-226.
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    Cited by:

    1. Castle, Emery N. & Kelso, Maurice M. & Stevens, Joe B. & Stoevener, Herbert H., 1981. "PART III. Natural Resource Economics, 1946-75," AAEA Monographs, Agricultural and Applied Economics Association, number 337228, january.
    2. National Resource Economics Division, Economics, Statistics, and Cooperatives Service, 1979. "Natural Resource Capital in U.S. Agriculture: Irrigation, Drainage and Conservation Investments Since 1900," Economics Statistics and Cooperative Services (ESCS) Reports 329202, United States Department of Agriculture, Economic Research Service.
    3. Joubert, Alison R. & Leiman, Anthony & de Klerk, Helen M. & Katua, Stephen & Aggenbach, J. Coenrad, 1997. "Fynbos (fine bush) vegetation and the supply of water: a comparison of multi-criteria decision analysis and cost-benefit analysis," Ecological Economics, Elsevier, vol. 22(2), pages 123-140, August.
    4. Robert H. Haveman, 1977. "On Evaluating the Regional Impact of Public Policy," NBER Chapters, in: Explorations in Economic Research, Volume 4, number 3 (New Directions in Federal Economic Development Programs), pages 429-444, National Bureau of Economic Research, Inc.
    5. Pavelis, George A., 1972. "Planning Natural Resource Development: An Introductory Guide," Miscellaneous Publications 321887, United States Department of Agriculture, Economic Research Service.
    6. Forsythe, G.A., 1975. "An Assessment Of The Role Of Insurance And Structural Measures In Flood Mitigation Planning," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(02), pages 1-23, June.
    7. Robert L. Harlow, 1973. "On the Decline and Possible Fall of Ppbs," Public Finance Review, , vol. 1(1), pages 85-105, January.
    8. Robert L Harlow, 1973. "On the Decline and Possible Fall of PPBS," Public Finance Review, , vol. 1(2), pages 85-106, April.
    9. T Sager, 1981. "The Family of Goals-Achievement Matrix Methods: Respectable Enough for Citizen Participation in Planning?," Environment and Planning A, , vol. 13(9), pages 1151-1161, September.
    10. Pavelis, George A., 1971. "The Benefit-Cost Ratio In Resource Development Planning," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 3(1), pages 1-6, December.
    11. G G Roy, 1974. "A Multiple Criteria Approach to Regional Planning Problems," Environment and Planning A, , vol. 6(3), pages 313-320, June.
    12. David Shapiro & Robert Shelton, 1977. "The application of an agency decisionmaking model," Public Choice, Springer, vol. 32(1), pages 51-65, December.
    13. Ronald C. Griffin, 2012. "The Origins and Ideals of Water Resource Economics in the United States," Annual Review of Resource Economics, Annual Reviews, vol. 4(1), pages 353-377, August.

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