0 showing the advantages of an action in relation to its cost: --
He will apply cost-benefit tests to Defense department programs that fund commercial research.
They argue that it is essential to place social cognition in an interpersonal context and to evaluate its overall adaptive success by a cost-benefit analysis.
There are after all many possible ways of behaving as if doing a cost-benefit analysis.
The first is that each stakeholder in the process will do their selfinterested cost-benefit analysis anyway.
But it is better to have a cost-benefit assessment embodying these uncertainties than to make no attempt to do one.
In cost-benefit analysis, expenditures on pollution abatement are routinely treated as an investment having a social return.
Another way to induce investments in soil conservation, at least according to cost-benefit analysis, is by increasing the future price of agricultural output.
In this case cost-benefit analysis based on a given time discount rate will point to an unambiguous positive effect on land conservation.
A cost-benefit analysis approach is then applied to evaluate the relative profitability of switching from traditional practices to new conservation methods.
