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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
Biochar increases soil organic carbon, avocado yields and economic return over 4 years of cultivation.
Stephen Joseph,Doug Pow,Kathy Dawson,Joshua Rust,Paul Munroe,Sarasadat Taherymoosavi,David R. G. Mitchell,Samuel Robb,Zakaria M. Solaiman +8 more
TL;DR: There was an overall increase in soil carbon, fruit yield, tree diameter and height in all biochar treatments relative to the control over the seasons and a cost-benefit analysis indicated that if yield surplus of fruit trees continued for three years, then the discounted net benefit over a hectare would amount to US$8581.
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Breaking the low-pay, no-pay cycle: Final evidence from the UK Employment Retention and Advancement (ERA) demonstration
Richard Hendra,James A. Riccio,Richard Dorsett,David H. Greenberg,Genevieve Knight,Joan Phillips,Philip K. Robins,Sandra Vegeris,Johanna Walter,Aaron Hill,Kathryn Ray,Jared Smith +11 more
TL;DR: The UK Employment Retention and Advancement (ERA) programme as discussed by the authors was designed to help low-income individuals who entered work sustain employment and advance in the labour market, and the early gains resulted from increases in the proportion of participants who worked full time (at least 30 hours per week).
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Analysing carbon sequestration and storage dynamics in a changing mountain landscape in Portugal: insights for management and planning
Ângelo Filipe dos Reis Pereira e Cortinhas Sil,Felícia Fonseca,João Gonçalves,João P. Honrado,Cristina Marta-Pedroso,Joaquim Alonso,María Teresa Guerra Ramos,João Azevedo +7 more
TL;DR: In this paper, the authors assessed the effects of landscape change on the climate regulation ecosystem service in a mountain river basin of Portugal, through the quantification, valuation and mapping of carbon sequestration and storage.
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Western Lake Erie Basin: Soft-data-constrained, NHDPlus resolution watershed modeling and exploration of applicable conservation scenarios.
Haw Yen,Michael J. White,Jeffrey G. Arnold,S. Conor Keitzer,Mari-Vaughn V. Johnson,Jay D. Atwood,Prasad Daggupati,Matthew E. Herbert,Scott P. Sowa,Stuart A. Ludsin,Dale M. Robertson,Raghavan Srinivasan,Charles A. Rewa +12 more
TL;DR: This manuscript evaluated the capacity of the current Soil and Water Assessment Tool (SWAT) to predict hydrological and water quality processes within WLEB at the finest resolution watershed boundary unit (NHDPlus) along with the current conditions and conservation scenarios.
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Forecasting the socio-economic impact of the Large Hadron Collider : A cost-benefit analysis to 2025 and beyond
TL;DR: In this article, the authors developed a cost-benefit analysis of a major research infrastructure, the Large Hadron Collider (LHC), the highest energy accelerator in the world, currently operating at CERN, and showed that the evaluation of benefits can be made quantitative by estimating their welfare effects on different types of agents.