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Unformatted text preview: b. Highest net bene³t (bene³ts minus costs) (Give advantages to big projects) c. Cost-e±ecTveness analysis – agree on a goal, ³gure out best way to achieve that d. Biggest net bene³t raTo (net bene³ts divided by costs) CriTques 1. Not as objecTve as it might seem. (“nonsense on sTlts”) (she really doesn’t know what that means, but it was catchy) a. Hard to assign monetary value to nonmonetary outcomes b. Choosing discount rates, Tme ranges c. Relying on total net bene³t d. In´uence of decision rules e. ²hese things make people want to just expose the subjecTvity of the decisions and roll with that instead of hiding behind a mask of objecTvity 2. Ignores distribuTve quesTons 3. Economic values>poliTcal values (Go over the for discussion on page 437 #1-5) Essay opportunity 4 handed out! Draf due Monday; Fnal paper due May 1 (Thursday)...
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- Fall '14
- Deborah Maertens
- Government, Cost-utility analysis, net beneﬁt