Abstract
Cost–benefit analysis is a long-deployed economic technique that attempts to summarise values of many kinds to affected individuals, by assessing their willingness to pay for good things or to accept compensation for bad things: such controversial measures of well-being have a rational grounding. Distributional issues arise, but may be resolved in several economic and political ways. Financial, economic and social cost–benefit analysis have different ways of converting willingness to pay or accept compensation into measures of overall desirability. Risk and uncertainty are treated in a structured way.
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Price, C. (2017). Cost–Benefit Analysis and Willingness to Pay for Landscape. In: Landscape Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-54873-9_8
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DOI: https://doi.org/10.1007/978-3-319-54873-9_8
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