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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
Start-up and incremental practice expenses for behavior change interventions in primary care.
TL;DR: Primary care practices must spend money to address their patients' unhealthy behaviors--at least $1860 to initiate systematic approaches and $58 monthly per participating patient to implement the approaches routinely until primary care payment systems incorporate these expenses.
Book ChapterDOI
Cost–Benefit Analysis
R.H. Haveman,D.L. Weimer +1 more
TL;DR: In this paper, the authors present a decision analysis by summing up the benefits and subtracting the associated costs, which is usually applied in businesses before decisions are taken and can be applied in many cases.
Economic evaluation, value of life, stated preference methodology and determinants of risks
TL;DR: The first paper examines the value of a statistical life (VSL) for out-of-hospital cardiac arrest victims and found VSL values to be higher for OHCA victims than for people who die in road accidents.
Journal ArticleDOI
“Describing the elephant”: A framework for supporting sustainable development processes
TL;DR: In this paper, existing decision aid processes and frameworks are reviewed, and a novel evolutionary approach is proposed that can support them all, which can be used at all scales of development and participation.
Journal ArticleDOI
Optimising risk reduction: An expected utility approach for marginal risk reduction during regulatory decision making
TL;DR: This paper investigates the problem of regulatory decision making under risk by applying expected utility theory and presents a new approach of cost–benefit analysis, taking into consideration the reduction of the risks, which achieves marginal cost– benefit analysis.