This chapter introduces the basic concepts behind benefit-cost analysis or BCA. It is important to remind ourselves that BCA is a tool towards a decision rather than a decision itself. This consideration alone obviates most of the criticism of BCA

Should unions and corporations be treated identically under the antitrust laws? This article explores this provocative question by examining whether union mergers should be subject to the antitrust laws. Currently unions and corporations are treated very differently. Large corporate mergers are...

1. An assessment of important issues concerning the application of benefit-cost analysis to social policy / Aidan R. Vining and David L. Weimer -- 2. Toward standardization of benefit-cost analysis of early childhood interventions / Lynn A. Karoly -- 3. Principles and standards for benefit-cost...

"The foster care system attempts to prepare children and youth who have suffered child maltreatment for successful adult lives. This study documents the economic advantages of a privately funded foster care program that provided longer term, more intensive, and more expensive services compared...