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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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Journal ArticleDOI
Enhancing the net benefits of disseminating efficacious prevention programs: A note on target efficiency with illustrative examples
David S. Salkever,Stephen S. Johnston,Mustafa C. Karakus,Nicholas S. Ialongo,Eric P. Slade,Elizabeth A. Stuart +5 more
TL;DR: A simple and practical approach to targeting is illustrated that can combine risk-factor results from the literature with the overall cost-benefit results from a program’s randomized trial to maximize the expected net benefit of implementing the program in a heterogeneous population.
Journal ArticleDOI
Potash ownership and extraction: Between a rock and a hard place in Saskatchewan
Aidan R. Vining,Mark A. Moore +1 more
TL;DR: In this article, the authors use the privatization of Potash Corporation of Saskatchewan (PCS) to illustrate the trade-off between efficient non-renewable natural resource production with effective capture of the resource rents.
Journal ArticleDOI
To Treat or Remove: An Economic Model to Assist in Deciding the Fate of Ash Trees Threatened by Emerald Ash Borer
TL;DR: In this article, a model is presented to assist in deciding the fate of ash trees (Fraxinus spp.) threatened by the arrival of emerald ash borer (Agri- lus planipennis Fairmaire) in North America.
Journal ArticleDOI
Wildlife corridor market design: An experimental analysis of the impact of project selection criteria and bidding flexibility
M. S. Iftekhar,John Tisdell +1 more
TL;DR: In this paper, the authors investigated the impact of bidding flexibility and project selection criteria on the economic performance of wildlife corridor auctions and found that participants conditioned their offers in terms of corridor benefit information.
Book ChapterDOI
Changes in the ecosystem services provided by forests and their economic valuation: a review
TL;DR: In this paper, the authors discuss the trends in forest change and the associated drivers, the economic value of forests, the principles and challenges in evaluating the economic values of forests and the role of valuation in informing decision-making, and provide evidence that forests contribute to human well-being in many ways.