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Cost-Benefit Analysis: Definition, Justification, and Comment on Conference Papers

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  • Posner, Richard A

Abstract

In this comment on the conference papers, Judge Posner argues for a pragmatic construal and defense of cost-benefit analysis, demonstrating the benefit of such analysis; responding to specific criticisms of, and suggested changes in, the analysis; and emphasizing that the value of such analysis as an evaluative and decision tool for social and economic policy making does not depend on the resolution of philosophical problems. Copyright 2000 by the University of Chicago.

Suggested Citation

  • Posner, Richard A, 2000. "Cost-Benefit Analysis: Definition, Justification, and Comment on Conference Papers," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 1153-1177, June.
    • Handle: RePEc:ucp:jlstud:v:29:y:2000:i:2:p:1153-77
    DOI: 10.1086/468108
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    Cited by:

    1. Zerbe, Richard Jr. & Bauman, Yoram & Finkle, Aaron, 2006. "A preference for an aggregate measure: A reply to Sagoff," Ecological Economics, Elsevier, vol. 60(1), pages 14-16, November.
    2. Jankovic Ivan & Block Walter, 2019. "Private Property Rights, Government Interventionism and Welfare Economics," Review of Economic Perspectives, Sciendo, vol. 19(4), pages 365-397, December.
    3. Christoph Engel, 2006. "The Difficult Reception of Rigorous Descriptive Social Science in the Law," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2006_1, Max Planck Institute for Research on Collective Goods.
    4. Tomio Kinoshita, 2002. "A Cost‐Benefit Analysis Of Enlarging The Japanese Judicial System," Contemporary Economic Policy, Western Economic Association International, vol. 20(2), pages 179-192, April.
    5. Sankalp Sharma & Anil Giri & Tajamul Haque & Iuliia Tetteh, 2018. "Land Acquisition in India: A Pareto and Kaldor-Hicks Perspective," Land, MDPI, vol. 7(2), pages 1-12, May.
    6. Alain Marciano, 2018. "Posner, Richard," Post-Print hal-02306799, HAL.
    7. Yang, Jingjing & Ryan, Chris & Zhang, Lingyun, 2013. "Social conflict in communities impacted by tourism," Tourism Management, Elsevier, vol. 35(C), pages 82-93.

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