Cost Benefit Analysis Concepts and Practice 5th Anthony E. rdman & David H. Greenberg & Aidan R. Vining & David L. Weimer

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Product details:

• ISBN 10: 1108245811
• ISBN 13: 9781108245814 
• Author: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer 

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.

Table contents:

Part 1. Introduction to Cost–Benefit Analysis
Part 2. Conceptual Foundations of Cost–Benefit Analysis
Part 3. Microeconomic Foundations of Cost–Benefit Analysis
Part 4. Valuing Impacts from Observed Behavior: Direct Estimation of Demand Schedules
Part 5. Valuing Impacts in Output Markets
Part 6. Valuing Impacts in Input Markets
Part 7. Valuing Impacts in Secondary Markets
Part 8. Predicting and Monetizing Impacts
Part 9. Discounting Future Impacts and Handling Inflation
Part 10. The Social Discount Rate
Part 11. Dealing with Uncertainty: Expected Values, Sensitivity Analysis, and the Value of Information
Part 12. Risk, Option Price, and Option Value
Part 13. Existence Value
Part 14. Valuing Impacts from Observed Behavior: Experiments and Quasi-Experiments
Part 15. Valuing Impacts from Observed Behavior: Indirect Market Methods
Part 16. Contingent Valuation: Using Surveys to Elicit Information about Costs and Benefits
Part 17. Shadow Prices from Secondary Sources
Part 18. Cost–Effectiveness Analysis and Cost–Utility Analysis
Part 19. Distributionally Weighted CBA
Part 20. How Accurate Is CBA?

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