By Anthony Boardman
A realistic creation to cost-benefit research via challenge fixing.
This authoritative, market-leading textual content is understood for its constant software of a nine-step framework for engaging in or studying a cost-benefit research.
This variation encompasses a variety of chapters which have been revised and reorganized to make the cloth clearer and extra accessible.
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Additional info for Cost-Benefit Analysis (4th Edition)
Neither your time nor anyone else’s figures into their calculations! Similarly, guardians tend to ignore nonfinancial social costs, such as congestion and pollution. In the Coquihalla Highway example, all social costs happen to represent governmental budgetary costs, and so there is no difference between the CBA cost figures and the guardians’ cost figures. In other situations, however, there might be considerable differences between the correct social costs and guardians’ costs. Consider, for example, the cost of labor in job-creation programs.
In contrast, as we discuss in Chapter 5, tolls on congested highways generally increase net social benefits. 14. This section draws heavily from Anthony Boardman, Aidan Vining, and W. G. Waters II, “Costs and Benefits through Bureaucratic Lenses: Example of a Highway Project,” Journal of Policy Analysis and Management 12(3) 1993, 532–555. 15. This terminology was introduced by Sanford Borins and David A. Good, “Spenders, Guardians and Policy Analysts: A Game of Budgeting Under the Policy and Expenditure Management System,” Toronto, Case Program in Canadian Administration, Institute of Public Administration of Canada, 1987 (revised 1989).
Their natural tendency is to equate benefits with revenue inflows to their agency or other governmental coffers (at the same jurisdictional level) and to equate costs with revenue outflows from their agency or other governmental coffers (at the same level). 16 Guardians have a natural tendency to regard actual CBA as naive, impractical, and, worst of all in their eyes, a tool whereby spenders can justify whatever it is they want to do. The conceptual lens of “pure” provincial-based guardians can be illustrated by the way they tend to look at the costs and benefits of the Coquihalla Highway, which is shown in Table 1-4.
Cost-Benefit Analysis (4th Edition) by Anthony Boardman