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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
Shadow Wages for the EU Regions
TL;DR: In this article, the shadow wage is defined as the social opportunity cost of labor and an empirical estimation of shadow wages for the EU at regional (NUTS2) level is presented.
Journal ArticleDOI
Possibilities for CO2-neutral manufacturing with attractive energy costs
TL;DR: In this paper, a case study approach is used to investigate whether the investment in renewable power plants for (partial) self-supply could be financially beneficial, using a specifically developed simulation, to show various energy supply options to satisfy the energy demand of a medium-sized manufacturing company.
Journal ArticleDOI
Analysing the costs and benefits of 3D cadastres with reference to Trinidad and Tobago
TL;DR: It is found that there is an implied and an expressed need for a 3D cadastre in Trinidad and Tobago but that the optimum effectiveness of its introduction is largely isolated to the urban, densely populated areas and the oil mining areas.
Book ChapterDOI
Cost-Effectiveness Analysis as an Evaluation Tool
Henry M. Levin,Patrick J. McEwan +1 more
TL;DR: Cost-effectiveness analysis as discussed by the authors is a decision-oriented tool that is designed to ascertain the most efficient means of attaining particular educational goals, such as raising reading or mathematics achievement, by adopting new materials or curriculum, teacher training, educational television, computer-assisted instruction, smaller class sizes, and so on.
Journal Article
Projectability in Design Science Research
TL;DR: This paper presents projectability as providing a language for explaining how design theories and design principles imply intentionality for operation in other places or times and proposes a language and a projection process logic in six parts that better frame (and improve) such projectability.