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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 Article
Incorporation of private demand into cost-benefit analysis of a universal Hib vaccination program in Thailand.
TL;DR: A decision tree model was used for cost-benefit analysis (CBA) of a universal conjugate Hib vaccination program in Thailand and found the program is cost-effective only if intangible benefits are included in the model.
Posted Content
Distributionally Weighted Cost-Benefit Analysis: From Theory to Practice
TL;DR: In this article, the authors argue that if redistribution matters, net benefits must be aggregated using a distributionally weighted CBA, and they introduce the building blocks to do so, i.e. a marginal welfare weight selection, a weight normalization and benefit accounting choices, and an analysis of redistribution effects.
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Linguistic justice in IP policies: evaluating the fairness of the language regime of the European Patent Office
Michele Gazzola,Alessia Volpe +1 more
TL;DR: In this paper, the authors present a framework for the characterisation and evaluation of the fairness of the language regime of the European Patent Office (EPO), which is currently based on three official languages: English, French and German.
Posted Content
Long term unemployment and violent crimes - using post-2000 data to reinvestigate the relationship between unemployment and crime
Martin Nordin,Daniel Almén +1 more
TL;DR: In this paper, the authors investigated the relationship between long-term unemployment and crime and found that longterm unemployment exhibits a strong association with violent crimes in addition to property crimes, highlighting a potential gap in the conventional theories of economics of crime.
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Effects of marine survival, precocity and other life history traits on the cost-benefit of stocking salmon in the Baltic Sea
TL;DR: If the catch age and marine survival of salmon do not markedly increase from their present low levels, there will be practically no potential to render the NPV positive in the professional fishery by introducing novel breeding practices capable of reducing parr maturation rates.