Application of benefit-cost analysis (BCA) to evaluate environmental regulations

Ying Xu, H. W.Chan Edwin, Queena K. Qian

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

Abstract

Based on extensive review of the literature, this paper tries to generalize the application of BCA in environmental regulations. Specifically, this study talks about the practice of Benefit-cost analysis (BCA) in governments of such developed countries as USA, UK and EU, steps to conduct BCA in policy-making, strengths and limitations of its application in policy area. Evaluation of non-market impacts and social discount rate, are thoroughly discussed. Some suggestions are summarized for better application of BCA in regulatory choice.

Original languageEnglish
Title of host publicationProceedings of the 16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011
EditorsLiyin Shen, Maozeng Xu, Yong Fang
PublisherHong Kong Polytechnic University
Pages135-141
Number of pages7
ISBN (Electronic)9789623677219
Publication statusPublished - 1 Jan 2011
Externally publishedYes
Event16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011 - Chongqing, China
Duration: 23 Sep 201125 Sep 2011

Conference

Conference16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011
CountryChina
CityChongqing
Period23/09/1125/09/11

Keywords

  • Benefit-cost analysis (BCA)
  • Environment
  • Evaluation
  • Regulations

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