Most cost-benefit analyses assume that the estimates of costs and benefits are more or less accurate and unbiased. But … what if, in reality, estimates of costs and benefits are highly inaccurate and biased? Then the assumption that cost-benefit … their implications for infrastructure economics and policy. Finally, we conclude that cost-benefit analysis stands in need …

. When considering subsidy intervention, the social cost-benefit analysis shows a subsidy to all households on their purchase …