scispace - formally typeset
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

Citations
More filters
Journal ArticleDOI

Suubi+Adherence study protocol: A family economic empowerment intervention addressing HIV treatment adherence for perinatally infected adolescents

TL;DR: This proposed study is the first to integrate and test family economic empowerment and stability-focused interventions for HIV + adolescents in Uganda (and much of SSA)—so families would have the necessary finances to manage HIV/AIDS as a chronic illness.
Journal ArticleDOI

An analysis of official road crash cost estimates in European countries

TL;DR: An overview of official monetary valuations of the prevention of road crashes, road fatalities and injuries in 31 European countries is given, made comparable by converting them to Euro in 2015-values, adjusted by purchasing power parities.
Posted Content

The Significances of Maslahah Concept and Doctrine of Maqasid (Objectives) Al-Shari’Ah in Project Evaluation

TL;DR: In this paper, the authors analyze the significance of the incorporation of maslahah and Shari'ah objectives into the mainstream project evaluation framework, and find that the concept of shari'a objectives doctrine can establish a more detailed order of priorities amongst competing projects, rationalises choices under the light of the Shari’ah and ensure the coherence of the selected project with the Islamic system as a whole.
Journal ArticleDOI

Economic impact of multisystemic therapy with juvenile sexual offenders.

TL;DR: It is demonstrated that a family-based treatment such as MST-PSB can produce lasting economic benefits with juvenile sexual offenders and policymakers and public service agencies should consider these findings when making decisions about interventions for this challenging clinical population.
Journal ArticleDOI

Consumer preferences of attributes of mobile payment services in South Korea

TL;DR: This study investigated consumers’ evaluations of the explicit attributes of the mobile payment services, and showed that an assurance policy is the most critical factor influencing Consumers’ choices, and a mileage program is considered to be as imperative as the platform.
Trending Questions (2)
How weel do university studeents understand economic concepts like cost benefit analysis?

The paper does not provide information about how well university students understand economic concepts like cost-benefit analysis.

How well do university students understand economic concepts like cost benefit analysis?

The paper does not provide information about how well university students understand economic concepts like cost-benefit analysis.