Nonmarket Economic Valuation and "The Economist's Fallacy"
It is important that noneconomists understand and consider three key points regarding the use of economic cost-benefit analysis. First, economists undertaking applied cost-benefit analyses use expected values by necessity in forward-looking models. Second, economists tally changes in economic value,...
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The Evaluation Center at Western Michigan University,
2009-01-01T00:00:00Z.
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