A type of economic evaluation in which both the costs and consequences of
different interventions are expressed in monetary units.
CBA can be applied to items or services for which the market does not provide
a satisfactory measure of value. The basis of the monetary quantification is
usually willingness to accept or pay compensation for gains or losses.
There is a danger that costs and benefits that cannot be valued are simply
ignored by decision-makers.
Non-market value - Value