Cost-Benefit Analysis PDF
by Per-Olov Johansson, Bengt Kristrom
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Description
This Element on cost-benefit analysis provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods.
The Element discusses how to assess small (or marginal) as well as large (or non-marginal) projects that have a significant impact on prices and/or other economic variables.
It also discusses distortions like taxes, market power, and sticky prices.
In addition, risk/uncertainty is considered. A novel feature is the elaboration on flexible evaluation rules for reasonably small projects.
Conventional point-estimates of projects should be used with care, because they typically give biased results.
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- Format:PDF
- Publisher:Cambridge University Press
- Publication Date:24/05/2018
- Category:
- ISBN:9781108657297
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Information
-
Download Now
- Format:PDF
- Publisher:Cambridge University Press
- Publication Date:24/05/2018
- Category:
- ISBN:9781108657297