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
Citations
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Journal ArticleDOI
Assessing the role of vocational rehabilitation in disability policy
David H. Dean,Robert C. Dolan +1 more
TL;DR: This analysis suggests that evaluation of VR can be substantially improved and that these improvements can be attained at relatively modest analytic cost.
Posted Content
Essays on the Namibian Economy
TL;DR: In this paper, the authors explore shadow pricing, environmental valuation, and capital market development in Namibian economy, focusing on shadow pricing and environmental valuation in the context of shadow pricing.
Journal ArticleDOI
Economic benefits of hepatitis B vaccination at sexually transmitted disease clinics in the U.S.
M'Kiaira K Miriti,Kaafee Billah,Cindy M. Weinbaum,Julie Subiadur,Richard Zimmerman,Paula J. Murray,Robert A. Gunn,Joanna Buffington +7 more
TL;DR: Estimates from this model suggest a national program for routine hepatitis B vaccination of adults at STD clinics would be a cost saving to society.
Journal ArticleDOI
Economic evaluation of health care and policymaking.
TL;DR: Examination of different decision and policy situations where economic evaluation of health care programmes could potentially be used concluded that economic evaluation seems to be most useful in the development of treatment guidelines and as an aid to reimbursement decisions.
Journal ArticleDOI
Measuring social returns to higher education investments in Hong Kong : production function approach
TL;DR: In this paper, the authors used the growth model involving an aggregate production function to measure the social benefits from human capital improvements due to the investments in higher education in Hong Kong and found that the social welfare benefits reported in this paper encompass the overall effects of labor force quality improvement on real GDP growth.