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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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Biophysical and Economic Analysis of Black Spruce Regeneration in Eastern Canada Using Global Climate Model Productivity Outputs
TL;DR: The results indicated a latitudinal gradient in economic attractiveness, with higher forest productivity and NPVs in the southern portion of the study area; however, black spruce regeneration was not economically attractive unless regeneration costs were very low and carbon sequestration benefits of at least $5 ton−1 CO2 were realized.
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Bureaucratic Benefit-Cost Analysis and Policy Controversy
TL;DR: The concept of "Bureaucratic BCA" was introduced in this paper as a framework for the practical application of benefit-cost analysis (BCA) within policy decision-making processes.
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Knowledge sharing in project appraisals of coastal zone management: towards increased transparency in the decision process
TL;DR: In this article, the authors discuss the need to assemble and share knowledge, information and experience in this area internationally; upgrade shoreline management guidelines; employ the latest methods and techniques for combating erosion and evaluating projects with this aim; ensure adequate evaluation and prioritisation of such projects; utilise the competencies of the various disciplines of relevance; and overcome the isolation and fragmentation of knowledge of erosion and measures to combat it.
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Establishment and maintenance of regulating ecosystem services in a dryland area of central Asia, illustrated using the Kökyar Protection Forest, Aksu, NW China, as an example
TL;DR: The Kokyar Protection Forest is used as a case study to answer the following question: under which institutional frameworks and to which financial conditions can peri-urban shelterbelts be established and maintained? The endeavour of planting the shelterbelt was made possible by the annual mass mobilisation of Aksu citizens, based on the Chinese regulation of the National Compulsory Afforestation Campaigns.