Hanley, Nick; Shogren, Jason - In: Environmental & Resource Economics 32 (2005) 1, pp. 13-24
In this paper we examine whether cost–benefit analysis is anomaly-susceptible or anomaly-proof. To do this, we address four questions. These are, which anomalies, or problems seem most troublesome for CBA? What coping strategies does the analyst adopt to address these problems? Do these...