Open AccessBook
Cost-Benefit Analysis
E.J. Mishan,Euston Quah +1 more
TLDR
Costbenefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or program as mentioned in this paper, often of a social nature, and is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society's scarce resources.Abstract:
Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme – often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society’s scarce resources.
This timely sixth edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include:
updated historical background of CBA
extended non-market goods valuation methods
the impact of uncertainty
evaluation of programmes and services
behavioural economics
decision rules and heuristics
CBA and regulatory reforms
CBA in developed and developing countries
value of household production
other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life.
This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students.
The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter.read more
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Patent
Deferred control of surrogate key generation in a distributed processing architecture
Michael Alan Bland,Stephan Edward Frederick Friedl,Terry Don Jennings,Jeffrey J. Olson,Richard Shaffer Youngkin +4 more
TL;DR: In this article, an event reporting system includes a computational component that is operable to receive notification of a change to an attribute of an entity, the entity, prior to the change, being associated with a first surrogate key, and defer the use of a second surrogate key for the entity until a selected time.
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A controversial-issues approach to enhance management accounting education
TL;DR: In this paper, the authors discuss a variety of controversial issues and describe how controversy can be used to enhance management accounting education, and discuss the role of the accounting educator and the increasingly controversial status of traditional management accounting practices.
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Willingness to Pay for a Treatment for Pain in Multiple Sclerosis
Michael Iskedjian,Olivier Desjardins,Charles Piwko,Basil G Bereza,B Jaszewski,Thomas R. Einarson +5 more
TL;DR: Assuming that 51% of the general population are willing to pay additional premiums as reported in this study, the premiums collected would cover the cost of Sativex® for all Canadian MS patients experiencing pain, with a surplus.
Journal ArticleDOI
A Comparison of Cost-Benefit and Cost-Effectiveness Analysis in Practice: Divergent Policy Practices in Sweden
Mikael Svensson,Lars Hultkrantz +1 more
TL;DR: The need of a harmonized procedure for economic evaluations in the public sector in order to reduce the risk of inefficient allocations purely due to different applications of the methods is discussed.