Social Cost–Benefit Analysis—Supporting Urban Planning and Governance for Enhancing Social Integration
The ultimate objective in applying social cost–benefit analysis (SCBA) techniques is the monetary valuation of impacts, such as air pollution, loss of amenities, congestion (urban sprawl), damage to public health, ecosystems services and quality of life, for which market prices may not be available. All these fields of application are relevant to the topic of building socially integrative cities. They contribute, directly or indirectly, through the quantification of impacts and the understanding of causal factors, to the urban environment and quality of life, which are the cornerstones of socially integrative cities. Quantification through SCBA techniques better reflects the value society attaches to non-market goods and services, enabling urban planners and policymakers to consider the net social welfare effects of urbanisation processes. For example, land use effciency may be improved if the costs of using natural resources and polluting the environment are taken into account.
