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
Valuation of functions of the Wadden Area
TL;DR: In this article, the authors explore ways to employ valuation methods to assess the impacts of alternative policy decisions on the functions of the Wadden Area, which aims at preservation and protection by purchasing conservation.
A Cost-Benefit Analysis of Federal Job Training Investments in Community Colleges.
TL;DR: The importance of postsecondary education and training in the United States has been highlighted by as mentioned in this paper, who presented a cost-benefit framework for understanding federal investments in job training at community colleges.
Transportation infrastructure project cost overrun risk analysis : risk factor analysis models
TL;DR: In this paper, the authors analyzed some common risk factors and proposed several useful analytical models for cost overrun risk analysis in transportation infrastructure investments, including probabilistic models and regression models, using the VIHP (Vancouver Island Highway Project) data.
Journal ArticleDOI
Preferences for Management of Near-Shore Marine Ecosystems: A Choice Experiment in New Zealand
TL;DR: In this article, the relative values held by the public toward four potentially conflicting uses of near-shore marine areas were reported from a web-based choice survey completed by 1055 respondents recruited from throughout New Zealand.