Cost-benefit analysts have a tough job. Because the highway will be available to everyone free of charge, there is no price with which to judge the value of the highway. Simply asking people how much they would value the highway is not reliable: Quantifying benefits is difficult using the results from a questionnaire, and respondents have little incentive to tell the truth.
Cost-benefit analysts have a tough job. Because the highway will be available to everyone free of charge, there is no price with which to judge the value of the highway. Simply asking people how much they would value the highway is not reliable: Quantifying benefits is difficult using the results from a questionnaire, and respondents have little incentive to tell the truth.
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