New Issue of Journal of Benefit-Cost Analysis Available

May 17, 2016 

The Spring 2016 issue of the JBCA is available now. It is a special issue on [Ir]rationality, Happiness, and Benefit-Cost Analysis, guest edited by Lisa A. Robinson (Harvard University Center for Health Decision Science and Center for Risk Analysis).

"The special issue brings together an excellent group of authors who clearly frame the problems and provide numerous new insights on welfare analysis in behavioral models. It is essential reading for anyone interested in the intersection of behavioral economics, happiness research, and analysis of social welfare."

- Raj Chetty, Professor of Economics, Stanford University

Articles include the following:

  • [Ir]rationality, Happiness, and Benefit-Cost Analysis: Introduction to the Special Issue by Lisa A. Robinson
  • The Good, the Bad, and the Ugly: A Unified Approach to Behavioral Welfare Economics by B. Douglas Bernheim (open access)
  • Rational Benefit Assessment for an Irrational World: Toward a Behavioral Transfer Test by Ted Gayer and W. Kip Viscusi
  • Do We Need a New Behavioral Benchmark For BCA? by Jason F. Shogren and Linda H. Thunström
  • Cost-Benefit Analysis, Who’s Your Daddy? by Cass R. Sunstein
  • Unequal Life Chances and Choices: How Subjective Well-Being Metrics Can Inform Benefit-Cost Analysis by Carol Graham
  • Bad Air Days: The Effects of Air Quality on Different Measures of Subjective Wellbeing by Paul Dolan and Kate Laffan
  • Behavioral Economics, Happiness Surveys, and Public Policy by Matthew Adler​


To access this and previous issues of the JBCA, please visit our page on the Cambridge Press website.