Open AccessBook
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
Citations
More filters
Journal ArticleDOI
Public Enterprises, Policy Adoption and Planning: Three Welfare Propositions
Massimo Florio,Chiara Del Bo +1 more
TL;DR: In this article, the authors use cost benefit analysis (CBA) theory to explore the rationale for public enterprises and point out that the overall quality of institutions is a pre-condition for socially desirable public enterprises.
Identifying the decision to be supported: a review of papers from Environmental Modelling and Software
Richard S. Sojda,Serena H. Chen,Sondoss El Sawah,Joseph H. A. Guillaume,Anthony Jakeman,Sven Lautenbach,Brian S. McIntosh,Andrea Emilio Rizzoli,Ralf Seppelt,Peter Struss,Alexey Voinov,Martin Volk +11 more
TL;DR: In this article, the authors examined a random sample of 100 papers published from 2001-2011 in Environmental Modelling and Software that used the phrase "decision support system" and found that 41% of the systems and tools related to the water resources sector, 34% were related to agriculture, and 22% to the conservation of fish, wildlife, and protected area management.
OtherDOI
Cost–benefit analysis: a tool that is both useful and influential?
TL;DR: Cost-benefit analysis (CBA) as discussed by the authors is a well-known policy formulation tool, which is an attempt to quantify costs and benefits in monetary terms, and it has been widely used in the literature.
Posted Content
Benefits and costs of biodiversity in agricultural public policies
TL;DR: In this article, a bioeconomic model is developed with a dynamic and multi-scale perspective, combining biodiversity dynamics, farming land-uses selected at the micro level and public policies at the macro level based on financial incentives for landuses.