Rethinking Benefit-Cost Analysis for COVID-19
The normative foundations of the value of statistical life render it an insufficient tool to analyze pandemic-related policies.
Cost-Benefit Analysis and Social Welfare Functions
Cost-benefit analysis has become a routinized part of policymaking. Probing what justifies this methodology helps us to see how it might be improved.
Beyond Cost-Benefit Analysis
Social welfare function incorporates distributional considerations into policy analysis.