Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Cost–Benefit Analysis

  • Jacopo TorritiEmail author
  • Eka Ikpe
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_124

Abstract

Over the past 30 years, cost–benefit analysis (CBA) has been applied to various areas of public policies and projects. The aim of this essay is to describe the origins of CBA, classify typologies of costs and benefits, define efficiency under CBA and discuss issues associated with the use of a microeconomic tool in macroeconomic contexts.

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© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.University of ReadingReading BerkshireUK
  2. 2.King’s College LondonLondonUK