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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
More appropriate discounting: the rate of social time preference and the value of the social discount rate
TL;DR: In this article, the authors argue that the correct method is to discount future impacts based on the rate of social time preference (STP), which is calculated by the shadow price of capital (SPC).
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Designing a valid randomized pragmatic primary care implementation trial: the my own health report (MOHR) project
Alex H. Krist,Beth A. Glenn,Russell E. Glasgow,Bijal A. Balasubramanian,David A. Chambers,Maria E. Fernandez,Suzanne Heurtin-Roberts,Rodger Kessler,Marcia G. Ory,Siobhan M. Phillips,Debra P. Ritzwoller,Dylan H. Roby,Hector P. Rodriguez,Roy T. Sabo,Sherri Sheinfeld Gorin,Kurt C. Stange +15 more
TL;DR: The MOHR study shows how a participatory design can be used to promote the consistent collection and use of patient-reported health behavior and psychosocial assessments in a broad range of primary care settings, and is broadly generalizable to a range ofPrimary care settings.
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The financial feasibility of producing fish and vegetables through aquaponics
Roel H. Bosma,Lysette T. Lacambra,Ynze Landstra,Chiara Perini,Joline Poulie,Marie J. Schwaner,Yi Yin +6 more
TL;DR: Based on grey literature and a post-hoc cost-benefit analysis for an investment in an aquaponics farm in the Philippines, the authors aims to assess the factors contributing to an appropriate level of returns.
Measuring the Impact of Light Rail Systems on Single Family Home Values: A Hedonic Approach with GIS Application
TL;DR: In this paper, the authors examined the impact of the light-rail system (MAX) in Portland, Oregon, on single-family home values using distance to rail stations as a proxy for accessibility and distance to the line itself as a surrogate for nuisance effects.
Journal Article
Handling Time in Economic Evaluation Studies
TL;DR: A review of relevant case studies and guidelines is conducted and guidance is provided on the appropriate discount rates for cost and health effect and appropriate time horizons for economic evaluations of health technologies in the Thai context.