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What are the usual steps that CBA follows

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Reference no: EM133090418

Questions -

-What are the differences between CBA and NPV (firm)? When would you use CBA instead of the usual NPV (firm) analysis?

-What are the usual steps that CBA follows?

-What is the Kaldor-Hicks compensation test? What did the Scitovsky Reversal test try to do? What change did I M D Little make to welfare criteria, and why did he do it?

-Define "consumer surplus", "producer surplus", "total economic surplus", "dead weight loss" "net social benefit".

-How is inflation coped with in CBA?

-How are the distribution consequences of a project reflected in a CBA?

Reference no: EM133090418

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