Economic policy in practice: social cost benefit analysis

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Social cost benefit analysis (SCBA) is used as a standard methodology to evaluate economic policy in, e.g. large infrastructural projects. With SCBA, policy makers can evaluate in a quantitative manner economic policy based on examining the social costs and benefits. In contrast to private cost benefit analysis, a number of different variables have to be taken into account (social discount rate, different time horizon of discounting, different way of calculating the social benefits).
Cursusperiode1/09/13 → …
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