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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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Scenarios and sustainability: tools for alleviating the gap between municipal means and responsibilities in adaptation planning
TL;DR: In this article, two tools designed for assisting local decision-makers in adaptation planning were tested: socioeconomic scenarios and sustainability analysis, and they found that the municipal planners who participated in the testing generally considered the tools useful and of high relevance, but that more time was needed to use the tools than was provided during the test process.
Posted Content
Exploring cost-benefit analysis of research, development and innovation infrastructures: an evaluation framework
TL;DR: In this paper, the authors present the results and the lessons learned on how to apply ex-ante CBA for major RDI infrastructures by a team of economists and scientists at the University of Milan and CSIL during a three-year research project supported by a EIBURS grant of the European Investment Bank Institute.
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When Things Don't Add Up The Role of Perceived Fungibility in Repeated-Play Decisions
Michael L. DeKay,Tai Gyu Kim +1 more
TL;DR: Treating each play as a separate event may be more appropriate when outcomes are not viewed as fungible, such that the increased attractiveness of repeated plays relative to a single play was diminished when perceived fungibility was low.
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Economic Evaluation of a community based early intervention program implemented in a disadvantaged urban area of Queensland
TL;DR: Preliminary results from an economic evaluation of the Pathways to Prevention project suggest that investing more in prevention may help alleviate the pressure on the overburdened remedial sector, resulting in potential cost-savings.
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Cost-benefit analysis of vetiver system-based rehabilitation measures for landslide-damaged mountainous agricultural lands in the lower Northern Thailand
TL;DR: In this article, a costbenefit analysis (CBA) was used to compare the net welfare gained from different land rehabilitation measures applied in landslide-damaged agricultural areas in the lower Northern Thailand.