Castles of sand - cost benefit modeling September 30, 2007
Posted by Paul Duignan in : Economic analysis, Systematic Outcomes Analysis, Outcomes models, Easy Outcomes , 1 comment so far
A while ago I came across a report of a cost-benefit analysis on climate change in which the author of the analysis admitted that his model may come in for some heavy criticism because it didn’t include any cost for sea level rises. How cruel and heartless of his critics. I don’t know who paid for this particular report or why it was done, so I don’t want to comment on it at all. However cost benefit analyzes which leave out or minimize important costs are a well used weapon in the lobbyist’s armory. Policy makers, the media and the public only have time to catch the bottom line - the cost will be this or that much and then move on. (more…)