Từ khoá : policy-making

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Cost-benefit analysis in determining the optimal policy option

Cost-benefit analysis in determining the optimal policy option

Cost-benefit analysis in determining the optimal policy option

Abstract: In the field of policy analysis, choosing the optimal policy is a key activity. Policymakers are always under pressure to choose reasonable solutions to existing social problems. Currently, there are many approaches to this activity, among which cost-benefit analysis is one of the prominent ones. Cost benefit analysis uses economic arguments to explain why one policy option is better than another. The article contributes to clarifying the contents related to the characteristics, roles, processes, advantages and disadvantages of this method in the field of policy analysis.

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