by Barry P. Keating (Author), Maryann O. Keating (Author)
CBA is an attempt to fully account for all costs associated with a new proposal along with a detailed calculation of specific private and public benefits. Properly employed, CBA is simply a method for assessing a proposal prior to a collective decision by calculating net benefits relative to an alternative project or the default option of doing nothing.
Author Biography
Barry P. Keating, PhD is Professor of Economics and Finance at the University of Notre Dame. He is a Heritage Foundation Fellow, a Heartland Institute Fellow, and an advisor of both the Indiana Policy Review Group and the Institute of Business Forecasting. He is the coauthor of many successful books including Regression Analysis, Business Expert Press, 2012.