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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
Monetary valuation in Life Cycle Assessment: a review
TL;DR: In this paper, a review of different monetary valuation methods for use in Life Cycle Assessment (LCA) is presented, and key features and the strengths and weaknesses of each monetary valuation method are determined.
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Information and effort in contingent valuation surveys: application to global climate change using national internet samples ☆
TL;DR: In this paper, a contingent valuation study investigates the issues of information access and respondent effort, and is based on a series of national Internet samples, focusing on a split-sample treatment, Basic Information (BI) versus Enhanced Information (EI).
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Benefit-Cost Analysis of FEMA Hazard Mitigation Grants
Adam Rose,Keith Porter,Nicole Dash,Jawhar Bouabid,Charles K. Huyck,John C. Whitehead,Douglass Shaw,Ronald T. Eguchi,Craig E. Taylor,Thomas R. McLane,L. Thomas Tobin,Philip T. Ganderton,David R. Godschalk,Anne S. Kiremidjian,Kathleen J. Tierney,Carol Taylor West +15 more
TL;DR: In this article, the authors applied Benefit-Cost Analysis (BCA) methodologies to a statistical sample of nearly 5,500 Federal Emergency Management Agency (FEMA) mitigation grants between 1993 and 2003 for earthquake, flood, and wind hazards.
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Normalisation and weighting in life cycle assessment: quo vadis?
Massimo Pizzol,Alexis Laurent,Serenella Sala,Bo Pedersen Weidema,Francesca Verones,Christoph Koffler +5 more
TL;DR: Recommendations are provided to practitioners that desire to apply normalisation and weighting as well as to developers of the underlying methods for the identification of specific advantages and limitations.
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Environmental Cost-Benefit Analysis
Giles Atkinson,Susana Mourato +1 more
TL;DR: A review of recent developments in environmental cost-benefit analysis can be found in this paper, where a number of developments have been made in the area of valuation of environmental changes. But, as pointed out by the authors, "there is a need to understand when CBA is used in practice and why environmental decisions are often made in a manner apparently inconsistent with costbenefit thinking".