What is benefit-cost analysis?
Benefit-cost analysis (BCA), also known as cost-benefit analysis, aims to inform the decision-making process with specific types of information, namely measures in monetary terms of willingness to pay for a change by those who will benefit from it, and the willingness to accept the change by those who will lose from it. The use of monetary terms provides a common metric. Its purpose is not to price everything, but rather to order choices in a way that is informative about social choices for decision makers. Find about more about the Benefit-Cost Analysis Center and the Society for Benefit-Cost Analysis.
