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Cost-Benefit Analysis: Concepts and Practice
TLDR
Cost-benefit analysis as discussed by the authors provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies, including time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods, and other related methods.Abstract:
Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.read more
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Monetary valuation methods for economic analysis of the benefit-costs of protecting rare wildlife species from predators
TL;DR: In this paper, the authors review methods for applying monetary valuations for threatened and endangered species so that economic analyses of management actions can be used to help guide and evaluate management decisions.
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Reconciling Practice with Theory in the Micro‐Evaluation of Regional Policy
TL;DR: In this article, the authors argue that current evaluative practice is at odds with theory, but while cost-benefit analysis simplifies the measurement of the external effects, it has other features that may limit its appeal.
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A benefit-cost analysis of syringe exchange programs.
TL;DR: This review article balances the benefits of HIV prevention via syringe exchange against the costs of operating such programs, and benefit-cost analyses emerge as useful strategies to inform decision-makers about which programs hold the most promise for preventing HIV infection among intravenous drug users.
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A Proposed Fourth Measure of Significance: The Role of Economic Significance in Educational Research
TL;DR: In this paper, a typology of economic significance indices is presented, including an example of how to compute these measures, as well as how to utilise them in applied research.
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Role of national institutions in promoting innovation by contractors in Singapore
TL;DR: In this paper, the role of national institutions in stimulating innovation is investigated, with a focus on construction firms in Singapore, and a qualitative systems model portraying the role in national institution in the construction industry is developed and validated through statistical analysis and interviews.