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
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Journal ArticleDOI
Are fuel-efficient aircraft worth investing in for non-Annex country airlines? An empirical analysis of Kenya Airways with an aircraft appraisal cost–benefit analysis model
Chikage Miyoshi,Eva Ruiz Ibáñez +1 more
TL;DR: In this paper, the impact of the European Union Emissions Trading Scheme (EU ETS) legislation on non-Anne country airlines by using a costbenefit analysis (CBA), assuming those airlines are treated equally.
Journal ArticleDOI
Flood protection by embankments in the Brahmani–Baitarani river basin, India: a risk-based approach
TL;DR: In this article, a risk-modeling approach was developed to calculate current flood risks in data-poor environments typical of developing countries, in order to determine optimum flood protection levels.
Book ChapterDOI
Optimal Pollution: The Welfare Economic Approach to Correct Market Failures⋆
TL;DR: In this article, the main approach of social cost-benefit analysis (CBA) is outlined, focusing on the benefits in terms of avoided environmental pollution, where marginal avoidance costs equal avoided marginal damage costs.
Book ChapterDOI
Economics of Biodiversity
TL;DR: Biodiversity is defined as variations in gene, species, and ecosystem habitat (terrestrial and aquatic) (Chapman, 1999) and loss of biodiversity results from the extinction of plant and animal species as discussed by the authors.