Application of benefit-cost analysis (BCA) to evaluate environmental regulations
Author(s)
Date Issued
2011
Publisher
Hong Kong: The Hong Kong Polytechnic University
ISBN
9789623677219
Citation
Xu, Y., Chan, E. H. W., & Qian, Q. K. (2011). Application of benefit-cost analysis (BCA) to evaluate environmental regulations. In The Hong Kong Polytechnic University (Ed.). Proceedings of the 16th international symposium on advancement of construction management and real estate, CRIOCM 2011. 16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011, Chongqing Jiaotong University, Chongqing, China (pp. 135-141). The Hong Kong Polytechnic University.
Type
Conference Paper
Abstract
Based on extensive review of the literature, this paper tries to generalize the application of BCA in environmental regulations. Specifically, this study talks about the practice of Benefit-cost analysis (BCA) in governments of such developed countries as USA, UK and EU, steps to conduct BCA in policy-making, strengths and limitations of its application in policy area. Evaluation of non-market impacts and social discount rate, are thoroughly discussed. Some suggestions are summarized for better application of BCA in regulatory choice.
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