Cost Benefit Analyses versus Referenda

被引：14
作者：
Osborne, Martin J. [1 ]
Turner, Matthew A. [1 ]
机构：
[1] Univ Toronto, Toronto, ON M5S 1A1, Canada
来源：
JOURNAL OF POLITICAL ECONOMY | 2010年 / 118卷 / 01期
关键词：
INFORMATION AGGREGATION; CONTINGENT VALUATION; MODEL; RATIONALITY; PREFERENCE; ELECTIONS; CURSE;
D O I：
10.1086/650305
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We consider a planner who chooses between two public policies and ask whether a referendum or a cost benefit analysis leads to higher welfare. We find that a referendum leads to higher welfare than a cost benefit analysis in a "common value" environment. Cost benefit analysis is better in a "private value" environment.
引用
收藏
页码：156 / 187
页数：32
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