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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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Planting the SEED: Towards a Spatial Economic Ecological Database for a shared understanding of the Dutch Wadden area
Michiel Daams,Frans Sijtsma +1 more
TL;DR: In this article, the authors present a publicly accessible Spatial Economic Ecological Database (SEED) and its ability to support a shared understanding among planners and experts of the economy and ecology of the Dutch Wadden area.
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DRG cost weight volatility and hospital performance
TL;DR: The methodology illustrates the robustness of a hospital’s performance with respect to DRG cost weight changes and represents a helpful tool in discussions about hospital budgets, strategic alliances, mergers, etc.
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A comprehensive cost-benefit analysis of the penetration of Smart Grid technologies in the Saudi Arabian electricity infrastructure
TL;DR: An economic framework based on detailed cost-benefit analysis of the insertion of Smart Grid technologies for electricity infrastructure modernization shows that advanced asset management infrastructure technologies are the most profitable technologies for the Saudi electricity infrastructure.
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The effect of public transport quality on car ownership – A source of wider benefits?
TL;DR: In this paper, the potential impact of public transport service levels on car ownership is discussed and it is discussed whether this connection can be seen as a source of wider economic benefits that would ensue from improving the public transport system.
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Valuing the public’s demand for crime prevention programs: a discrete choice experiment
Emilio Picasso,Mark A. Cohen +1 more
TL;DR: In this paper, the authors used a state-of-the-art survey methodology previously employed in the environmental, health, and safety economics literatures to estimate the cost of violent crime and homicide in Buenos Aires and demonstrate the feasibility of this method for crime cost estimation and for using these surveys in developing countries.