RE: Cost benefit analysis

2003-02-14 Thread Driessnack, John
, 2003 9:34 PM To: [EMAIL PROTECTED] Subject: RE: Cost benefit analysis Fred, You completely misunderstand my point. If a cost benefit analysis is presented it makes very clear what the assumptions are that lead to the policy conclusions. Thus any debate of the question is going to be much better

Re: Cost benefit analysis

2003-02-14 Thread William Dickens
Hi Fred, Yes, that is a good question. I think the answer is that it does take a fairly sophisticated economist to write a cost-benefit analysis, but it doesn't take much savvy to know when one is badly biased. Anyone knowledgeable about the topic - - even if they have only a minimal

Re: Cost benefit analysis

2003-02-14 Thread Bryan D Caplan
William Dickens wrote: For what its worth, it is the pro-regulation, pro-environment, pro-safety crowd that are the most ardent critics of CBA. If you are a libertarian I think that CBA is more often that not your friend. But that is another story... - - Bill Dickens This is a very

Re: Cost benefit analysis

2003-02-13 Thread Alypius Skinner
Does anyone know how often CBA is actually used in making policy? What percent of the federal budget (or state or local) has been determined by CBA?Cyril Morong I'm sure it's used frequently. It's probablyapplied something like this: "what's the minimum amount of

RE: Cost benefit analysis

2003-02-13 Thread Driessnack, John
, VA 22060-5565 703-805-4655 (DSN-655) [EMAIL PROTECTED] FAX 703-805-3728 -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] Sent: Tuesday, February 11, 2003 11:16 PM To: [EMAIL PROTECTED] Subject: Cost benefit analysis Does anyone know how often CBA is actually

RE: Cost benefit analysis

2003-02-13 Thread Warnick, Walt
, February 13, 2003 9:56 AMTo: [EMAIL PROTECTED]Cc: [EMAIL PROTECTED]Subject: RE: Cost benefit analysis In defense you can say that almost all of the weapons related spending (Procurement and RDTE budget almost half of the budget when you consider the spare purchases) is accomplished having gone

Re: Cost benefit analysis

2003-02-13 Thread Bryan Caplan
If I were teaching intermediate micro, I think I would begin by asking students why they consume less of x when its price rises. Presumably most would say that they would switch to other products. Then I would ask them to consider a world with only ONE good. Obviously with only one good, price

RE: Cost benefit analysis

2003-02-13 Thread William Dickens
PROTECTED]] Sent: Thursday, February 13, 2003 9:56 AM To: [EMAIL PROTECTED] Cc: [EMAIL PROTECTED] Subject: RE: Cost benefit analysis In defense you can say that almost all of the weapons related spending (Procurement and RDTE budget - almost half of the budget when you consider the spare purchases

RE: Cost benefit analysis

2003-02-13 Thread Fred Childress
and objectivity of CBA? Walt Warnick -Original Message- From: Driessnack, John [mailto:[EMAIL PROTECTED]] Sent: Thursday, February 13, 2003 9:56 AM To: [EMAIL PROTECTED] Cc: [EMAIL PROTECTED] Subject: RE: Cost benefit analysis In defense you can say that almost all

RE: Cost benefit analysis

2003-02-13 Thread William Dickens
Fred, You completely misunderstand my point. If a cost benefit analysis is presented it makes very clear what the assumptions are that lead to the policy conclusions. Thus any debate of the question is going to be much better informed and much more closely focused on the issues that matter

Re: Cost benefit analysis

2003-02-13 Thread Fred Childress
From: William Dickens Fred, You completely misunderstand my point. If a cost benefit analysis is presented it makes very clear what the assumptions are that lead to the policy conclusions. Bill, I don't think I completely misunderstood. I do apologize, however, as I allow myself

Re: Cost benefit analysis

2003-02-12 Thread William Dickens
Depends on what you mean by used in making policy. As far as I know there are no decisions which are based solely on cost-benefit analysis. Budgeting is done by legislatures so if CBA plays any role there it is in influencing the decisions of legislators. CBA is most commonly used in making

Re: Cost benefit analysis

2003-02-12 Thread AdmrlLocke
In a message dated 2/12/03 10:00:59 AM, [EMAIL PROTECTED] writes: Depends on what you mean by used in making policy. As far as I know there are no decisions which are based solely on cost-benefit analysis. Budgeting is done by legislatures so if CBA plays any role there it is in influencing

Cost benefit analysis

2003-02-11 Thread CyrilMorong
Does anyone know how often CBA is actually used in making policy? What percent of the federal budget (or state or local) has been determined by CBA? Cyril Morong