Nonmarket Economic Valuation and "The Economist’s Fallacy"

It is important that noneconomists understand and consider three key points regarding the use of economic cost-benefit analysis. First, economists undertaking applied cost-benefit analyses use expected values by necessity in forward-looking models. Second, economists tally changes in economic value...

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Bibliographic Details

Main Author:	Murray A Rudd
Format:	Artigo
Language:	Inglês
Published:	The Evaluation Center at Western Michigan University 2009-01-01
Series:	Journal of MultiDisciplinary Evaluation
Subjects:	cost-benefit analysis nonmarket valuation stated preferences public goods opportunity costs commentary
Online Access:	https://journals.sfu.ca/jmde/index.php/jmde_1/article/view/221
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