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benefit-cost analysis

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
benefit-cost analysis
a technique of economic evaluation, particularly for complex projects over a long period of time and involving substantial capital, that takes into account social costs and benefits as well as financial considerations.


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As this idea relates to Stern, neither policymakers nor economists perusing benefit-cost analysis in attempting to determine efficient carbon dioxide taxes or regulations can have the information needed for meaningful calculations.
LESSON 3: Benefit-cost analysis isn't perfect, but it's the best we have.
Zerbe teaches public affairs and directs the Benefit-Cost Analysis Center at the University of Washington.
 
 
 
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