Abstract
It should be evident by now that CBA differs from a ‘commercial’ appraisal of a project or policy in that it attempts to embrace all costs and benefits, whether they accrue to the investing agency or not. A basic difference between commercial and social returns consists of the ‘external’ effects of the investment; hence the importance of these effects for CBA.1
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© 1972 Ajit K. Dasgupta and D. W. Pearce
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Dasgupta, A.K., Pearce, D.W. (1972). External Effects and Public Goods. In: Cost-Benefit Analysis. Palgrave, London. https://doi.org/10.1007/978-1-349-15470-8_6
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DOI: https://doi.org/10.1007/978-1-349-15470-8_6
Publisher Name: Palgrave, London
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