ABSTRACT
Cost-benefi t analysis, a technique for systematically estimating the effi ciency impacts of policies, has been applied with variable success, across a broad spectrum of policies. Weimer and colleagues (1999) identifi ed the steps of cost-benefi t analysis (CBA) as: (1) categorizing relevant impacts, (2) monetizing impacts, (3) discounting for time and risk, and (4) choosing among policies.
