An Open Access Journal
CBA | MCA | |
---|---|---|
Strengths | Rigour and rationality | Participation and legitimacy |
Largely formalised | Democracy | |
Transparency | Allows qualitative measures | |
It is a “common language”, known and used worldwide | Informal | |
Easy communication of the results | ||
Independent from judgements | ||
Potentially participative* | ||
Weaknesses | Difficult technique, expensive. | Potential ambiguity, subjectivity |
Need of many data, sometimes hardly available | Some components of arbitrariness, especially in the perception of public costs vs. private benefits | |
Practically impossible to assess “soft” effects (beauty, personal beliefs, attitudes) | Risk of double counting | |
Equity is not a goal directly assessed*, but left to decision maker | Lack of clarity, consistency, accountability |