Trade-off/Positional Analysis (with a Rawlsian Approach to Equity) as an Alternative to Cost-Benefit Analysis (CBA) in Socio-technical Decisions

This paper introduces the concept of a hybrid trade-off/positional analysis framework as an alternative to cost-benefit analysis (CBA). As a decision-support tool, the proposed framework (1) allows decision-makers not to monetize or aggregate non-monetary factors over time; (2) invites the entrance of stakeholders into the debate since there is greater transparency as to who benefits and who is harmed by a particular policy/program/project; (3) enables analysts to undertake a comparative analysis of alternatives over time; and (4) takes into account the important role of technological change in shaping the state and performance of a system. In addition, a Rawlsian approach to incorporating equity into decision-making is advocated. While the proposed framework has yet to be applied on a wide scale, the authors believe it approximates the way that decisions are actually made in the political system and holds the potential to assist with decision-making for sustainable development/transportation in a broad variety of contexts.

Language

  • English

Media Info

  • Media Type: CD-ROM
  • Features: Figures; References; Tables;
  • Pagination: 23p
  • Monograph Title: TRB 86th Annual Meeting Compendium of Papers CD-ROM

Subject/Index Terms

Filing Info

  • Accession Number: 01044602
  • Record Type: Publication
  • Report/Paper Numbers: 07-0490
  • Files: TRIS, TRB
  • Created Date: Feb 8 2007 5:04PM