PLCY 340 Final Exam Review

PLCY 340 Final Exam Review - Basic Steps of CBA 1. Specify...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Basic Steps of CBA 1. Specify the set of projects 2. Decide whose benefits and costs count 3. List impacts and determine how to measure 4. Predict impact quantitatively 5. Monetize impact 6. Discount benefits and costs 7. Perform sensitivity analysis 8. Make recommendation Rhoads: Supports CBA, but some outcomes are difficult to measure Kelman: CBA is ineffective because some ultimate goods outweigh CBA Willingness to accept is different than willingness to pay (because losses are weighted more heavily) Rawls: Original Position Veil of Ignorance Social primary goods to be distributed equally (1 st principle) unless there is an unequal distribution that benefits the least advantaged (2 nd principle) Difference principle: Society can allow positions that have more power/status/income if: o Access to positions is not blocked by discrimination o This arrangement makes life better off for those who are currently worse off Nozick: Entitlement Theory/Justice in Acquisition: emphasis on procedural justice, how things
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/22/2012 for the course PLCY 340 taught by Professor Staff during the Fall '11 term at UNC.

Page1 / 2

PLCY 340 Final Exam Review - Basic Steps of CBA 1. Specify...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online