A framework approach to harmonisation

It is clear from discussions with government agencies in the Australian and New Zealand jurisdictions (except the Northern Territory) that all is not well in the area of economic evaluation. A survey of members of the Economic Society of Australia and the New Zealand Government Economics Network (Ch...

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Hauptverfasser:	Leung, Joanne, Dobes, Leo, Argyrous, George
Format:	Buchkapitel
Sprache:	eng
Schlagworte:	Analytical estimating Analytics Applied mathematics Applied statistics Behavioral sciences Business Business operations Cognitive processes Cognitive psychology Commerce Cost benefit analysis Cost estimates Decision analysis Decision making Economic analysis Economic benefits Economic costs and benefits Economic research Economic value Economics Estimation methods Inferential statistics Judicial powers Judicial system Jurisdiction Law Mathematical modeling Mathematics Microeconomics Net present value Present value Psychology Purchasing Sensitivity analysis Statistical estimation Statistics
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Zusammenfassung:	It is clear from discussions with government agencies in the Australian and New Zealand jurisdictions (except the Northern Territory) that all is not well in the area of economic evaluation. A survey of members of the Economic Society of Australia and the New Zealand Government Economics Network (Chapter 2) confirmed this impression. It is equally clear (Chapter 3) that any attempt to harmonise variable or parameter values to promote consistency and credibility in cost-benefit analysis (CBA) studies would be fraught with methodological and perhaps political difficulties. Most academic texts implicitly also recognise that uniformity in approach is neither desirable nor