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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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Potential Savings from Abolition of the Death Penalty in North Carolina
TL;DR: In this article, the authors focus on a recent two-year period, comparing actual costs associated with capital proceedings, with likely costs in the absence of the death penalty, and conclude that the state would have spent almost $11 million less each year on criminal justice activities (including appeals and imprisonment).
Dissertation
Modelling and evaluation of the effects of traffic safety measures Comparative analysis of driving assistance systems and road infrastructure
TL;DR: In this article, the authors developed an analytical method for comparative analysis of the traffic safety effects of road infrastructure and driv-ing assistance systems with dissimilar nature, as well as to identify an adequate method for policy evaluation, and to design, based on this method, an approach for strategic evaluation of alternative implementation schemes of different measures, which can take into account the results from the comparative analysis method and/or other method(s) concerning traffic safety effect and other relevant impacts and constraints.
Economic values and Indigenous Protected Areas across Northern Australia. Final report
TL;DR: This paper conducted a systematic review of the empirical valuation literature relating to benefits associated with Indigenous protected areas (IPAs), revealing that some benefits are quantified in monetary terms more frequently than others, both in Australia and elsewhere.
Center for Responsible Business
TL;DR: In this article, the authors examined how a focus on time versus money can lead to two distinct mindsets that impact consumers' willingness to donate to charitable causes and found that asking individuals to think about how much time they would like to donate (versus "how much money they would not like" to a charity increases the amount that they ultimately donate to the charity.
Journal ArticleDOI
A tool to analyse instruments for soil governance: the REEL-framework
TL;DR: Societies need to govern soils to maintain the various ecosystem services provided to humans, for instance ensuring food security, biodiversity conservation, water regulation or carbon sequestratio as discussed by the authors. But this is not always easy.