Evaluation of Policy Alternatives - The two basic evaluation tools: CBA and MCA - CBA in the sustainability context

3 important questions on Evaluation of Policy Alternatives - The two basic evaluation tools: CBA and MCA - CBA in the sustainability context

What are the pro-memory (P.M.) posts in an CBA?

Impacts that are hard to monetarize
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What are the difficulties with CBA?

  • Monetarize all impacts (sometimes assets not traded in markets)
  • Measurement of distributional impacts (how to deal with perspective of different groups?)
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What is the ethical consensus in society for a conventional CBA?

The positive net present value (or social benefit) in monetary terms is an increase in welfare, 'when' society conceives it as such
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