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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
Cost–benefit analysis of restoring buriganga river, bangladesh
TL;DR: In this paper, the authors performed a cost-benefit analysis to determine the economic efficiency of the restoration of a dying river in Bangladesh, namely the Buriganga River, by using market data and employing benefit transfer and contingent valuation techniques.
Market failures, consumer preferences, and transaction costs in energy efficiency purchase decisions
Journal ArticleDOI
Providing Refuge The Value of Domestic Violence Shelter Services
TL;DR: In this paper, a social cost-benefit analysis of domestic violence shelter services is presented, where the authors distinguish between short-term and longer-term program costs and benefits, and find that domestic violence shelters have social benefits that significantly outweigh the social costs.
Book ChapterDOI
Techno-economic Assessment Methodology for Ultrasonic Production of Biofuels
TL;DR: In this paper, the advantages of performing a TEA in early development stage of an innovative technology are highlighted and the methodology that can be used to perform such a TEAs and on the specific components which should be taken into account when applying the TEA on the ultrasonic production of biofuels and chemicals.
Journal ArticleDOI
Discounting behavior and environmental decisions.
TL;DR: In this article, the authors uncover discount rates from revealed and stated preferences suggest that a variety of confounding factors may be simultaneously in play, and politicians who make ultimate policy decisions may have incentives to act in accordance with discount rates not socially optimal.