Cost-Benefit Analysis
/ˈkɒstˌbɛnɪfɪt əˈnæləsɪs/
Definitions
- (n.) A systematic approach to estimating the strengths and weaknesses of alternatives used in legal decision-making, weighing costs against benefits to determine the most efficient outcome.
The court relied on a cost-benefit analysis to decide if the regulation imposed excessive burdens.
Forms
- cost-benefit analysis
- cost-benefit analyses
Related terms
See also
Commentary
Commonly used in administrative law and regulatory contexts; drafters should clearly define criteria for quantifying costs and benefits to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.