Abstract
This article focuses on the current applications and reporting of benefit-cost analyses by many state VR agencies and proposes several alternative procedures for improving the economic analysis of these programs. The article (1) briefly reviews the current practices of most VR agencies in their use and reporting of benefit-cost results, (2) identifies several of the most problematic issues, and (3) illustrates with empirical data several alternative ways in which evaluation results relating to efficiency could be reported.
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