Why has there been so little use of cost-benefit analysis when judging the merits of Administrative Agencies actions?© BrainMass Inc. brainmass.com December 15, 2020, 2:02 pm ad1c9bdddf
The reasons why cost-benefit -analysis has been used so little when judging the merits of Administrative Agencies actions are following:
1. Many people believe that CBA does not produce morally relevant information and should not be used in project evaluation. It takes into consideration only financial costs and benefits and ignores the other impacts of the decision which cannot be converted into plain dollar but have substantial effect on the life of the community and society.
2. The argument is that the information produced by CBA ...
This solution helps judge the merits of administrative agency actions.