All of aoreidmarr's Comments + Replies
Thanks for this. I agree, the MVPF approach does seem to be somewhat limiting, but it's got me thinking in the right direction. It seems like the US Federal CBA system is pretty ad-hoc. As far as I can tell each department is responsible for producing their own CBAs, and they each use their own methodology for quantifying things. Do you know if that's right, or is there some standardized methodology that I'm not seeing?
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2y
Yes, you're correct that each department produces its own CBAs. However, the Office of Management and Budget (OMB) does help standardize these CBAs to some extent. For example, the federal government sets up "interagency working groups" to standardize specific inputs (e.g. the social cost of carbon) across departments (more info on social cost of carbon standardization). And, when OIRA reviews CBAs, they make sure departments are following some general standard processes too.
I see. I've got some more research to do. Thanks again.