Economic efficiency is generally held by economists and other social scientists to be, in effect, benefit-cost analysis
(BCA) or, what is generally taken to be an identical term, cost-benefit analysis (CBA).
Ultimately, the EPZ literature can be divided between four primary schools of thought: neo-classical theory, benefit-cost analysis
, new growth theory, and the life-cycle approach, which includes Omar and Stoever's  modified life-cycle approach.
2011), "Behavioral Economics and the Conduct of Benefit-Cost Analysis
: Towards Principles and Standards," Journal of Benefit-Cost Analysis
Hammitt, Skills of the Trade: Valuing Health Risk Reductions in Benefit-Cost Analysis
, 4 J.
Financial and Economic Appraisal Using Spreadsheets.
Stavins, "Is There a Role for Benefit-Cost Analysis
in Environmental, Health and Safety Regulation?
One method for demonstrating accountability is the analytical process of benefit-cost analysis
(BCA) in decisionmaking.
In outlining the principles for project evaluation over fifty years ago, Otto Eckstein--one of the fathers of benefit-cost analysis
and a former member of the NBER Board of Directors--was skeptical about the prospects for reliably measuring the economic tradeoffs that people would make in order to increase the amounts of public goods provided to them through new federal projects.
Given the cost estimates associated with identity theft, a benefit-cost analysis
might be useful to policymakers faced with making tough choices among an array of programs in a period of limited resources," he said.
Several key parameters must be considered in developing the benefit-cost analysis
of alternative energy deployment," he said.
Another important objective is development of a Method of Benefit-Cost Analysis
for application in environmental studies to be carried out in developing countries like Pakistan.
Once on the Lips, Forever on the Hips: A Benefit-Cost Analysis
of Fiscal Stimulus in OECD Countries.
The first applies the basic principles of supply and demand to a variety of day-to-day topics--from enacting legislation to evolution; the second applies the basic principles of benefit-cost analysis
to international trade and finance and domestic savings.
(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.
Among the topics are the evolution of public involvement in water planning, the theory and practice of benefit-cost analysis
, environmental issues, collaboration between ecologists and economists, real decisions in real political contexts, an overview of American law for allocating water, and making the transition into the 21st century.