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Selection: Munda:G [1 article] 

Publications by author Munda:G.
 

On the use of cost-benefit analysis and multi-criteria evaluation in ex-ante impact assessment

  
Vol. 28768 EN (2017), https://doi.org/10.2760/311199

Abstract

When a public administration wishes to implement policies, there is a need of comparing different options and valuating and evaluating them to assess their social attractiveness. Traditionally, welfare economics has used cost-benefit analysis based on the Kaldor-Hicks compensation principle, which was invented to achieve two clear objectives: [::1] To compare individuals’ preferences according to the efficiency oriented utilitarian calculus, explicitly avoiding the principle one individual, one vote. [::2] To implement an objective evaluation criterion, that could be accepted in the framework of the ...

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