Counterfactual
of a policy will generally also
the final
final objectives of a policy, but
there could also be beneficial side
effects.
see Base Case.
Compliance Costs
The costs
to private
sector
firms or
individuals of complying with the policy.
These can be high even if the Government
costs are low.
Costs
An
evaluation
should
cover
all costs,
whether falling on the Government or
elsewhere
(see
Compliance Costs,
Externalities).
Detailed
guidance
on the principles of costing may be
found in the green booklet
'Investment
Appraisal
in
the Public
Sector: A
Technical
Guide
for
Government
Departments'.
Cost-Benefit Analysis
A
of form
which analysis
seeks
to
quantify
in
as terms money
many
of
the costs and benefits of a proposal
as possible,
those including
which
are
marketed not
eg
time saved to
Cost-
travellers on an improved road.
benefit analysis need not be restricted
carried
to
appraisal,
ie it can be