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In recent decades, governments across the world actively cooperated to harmonize and coordinate policies “behind the borders” through a variety of harmonization efforts at multilateral, as well as regional and bilateral, levels. These efforts have been dictated by the trade liberalization...
Persistent link: https://www.econbiz.de/10010832932
In complex policy decision situations where policy objectives can only be reached through appropriate activities of individual actors with own decision authority and individual objectives, the classical approaches for measuring the effects of regulatory initiatives through cost-benefit or...
Persistent link: https://www.econbiz.de/10005525132
The public authorities are facing real challenges due to the complexity and dynamics of economic and social issues. They must daily assess the available resources and answer to questions such as „is the citizens’ welfare good enough, can it be improved?” „there are the initiatives for...
Persistent link: https://www.econbiz.de/10009147576
There is a growing interest in the use of theory in order to move the field of impact assessment forward, hereunder to … theory is uncertain. This article examines the use of explicit theory from other fields in impact assessment literature and … analyse how research uses theory along a continuum from use of non-attached theory to theory building. A sample of research …
Persistent link: https://www.econbiz.de/10011278967
Cost-benefit analysis (CBA), as a distinctive tool for public investment projects evaluation laying in the portfolio of the governmental authorities, strives to replicate the market in establishing economic standards for the measurement of their success, while the government’s actions are in...
Persistent link: https://www.econbiz.de/10010965620
This essay argues for adopting a Christocentric vision, as opposed to the anthropocentric one, where man, with his reason and science, believes he can solve everything. But both A. Einstein and J.M. Keynes believed that the new issues (generated by the crisis) cannot be solved with the same...
Persistent link: https://www.econbiz.de/10010965637
By defining some behaviors as crimes, law defines incentives and protects society from direct and indirect, tangible and intangible negative impacts. Whatever the severity of the prescribed penalties for those that prevaricate, society and its institutions need to act at the level of law...
Persistent link: https://www.econbiz.de/10010969132
Making decisions about optimal investments in green infrastructure necessitates setting social discount rates. This paper suggests a practical way for determining the discount rate for projects or programmes in which one of the options is to maintain or restore land to an undeveloped state. We...
Persistent link: https://www.econbiz.de/10010987511
This paper shows that implicit assumptions about the numeraire good in the Kaldor–Hicks efficiency–equity analysis involve a “same-yardstick” fallacy (a fallacy pointed out by Paul Samuelson in another context). These results have negative implications for cost-benefit analysis, the...
Persistent link: https://www.econbiz.de/10010989169
Persistent link: https://www.econbiz.de/10010989537