Definitions[modifier | modifier le wikicode]

Definition	Date	Author(s)	Source format	Language
CBA has been seen as a tool to increase the quality of regulation and public policy through welfare economics principles and Pareto efficiency	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014:1	English
CBA in theory allows for the improvement of social and environmental conditions based on empirical evidence (Sunstein, 2002; Koopmans et al, 1964) whilst improving market competitiveness (Viscusi et al, 1987)	2014	Torriti and Ikpeb	Torritia and Ikpeb, 2014:1	English
CBA is often used by public administrations as an instrument to measure only certain components of private costs	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014:2	English
CBA practice suggests that benefits are more problematic to quantify and monetize than costs	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014:3	English
CBA is the most comprehensive of a family of economic evaluation techniques that seek to monetise the costs and/or benefits of proposals	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014:5	English
CBA is based on the Kaldor–Hicks efficiency criterion. The benefits should be enough that those that benefit could in theory compensate those that loose out. It is justifiable for society as a whole to make some worse off if this means a greater gain for others	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014	English
CBA is a tool for judging efficiency in the case where the public sector supply goods, or where the policies executed by the public sectors influence the behavior of private sectors and change the allocation of resources	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014	English
CBA can still be employed in order to identify how losers from e.g. displacement will be economically affected by the change	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014	English
Cost-Benefit Analysis (CBA) is an economic technique applied to public decision- making that attempts to quantify and compare the economic advantages (benefits) and disadvantages (costs) associated with a particular project or policy for society as a whole	2014	Torriti and Ikpeb	Torriti and Ikpeb, 2014	English

Sources[modifier | modifier le wikicode]

Torriti, J. & Ikpe, E. (2014) ‘Cost–Benefit Analysis’, in Jürgen Backhaus (ed.) Encyclopedia of Law and Economics. New York, NY: Springer New York. pp. 1–8. [online]. Available from: http://link.springer.com/10.1007/978-1-4614-7883-6_124-1 (Accessed 10 November 2016).