David L. Weimer Anthony E. BoardmanCambridge University PressEdition: 5, 8/9/2018EAN 9781108401296, ISBN10: 1108401295Paperback, 520 pages, 24.7 x 19.1 x 2.5 cmLanguage: EnglishCost-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.1. Introduction to cost-benefit analysis2. Conceptual foundations of cost-benefit analysis3. Microeconomic foundations of cost-benefit analysis4. Valuing impacts from observed behaviordirect estimation of demand schedulesCaseuse of demand schedules in regulatory impact analyses5. Valuing impacts in output markets6. Valuing impacts in input markets7. Valuing impacts in secondary markets8. Predicting and monetizing impactsCaseWSIPP CBA of the nurse-family partnership program9. Discounting future impacts and handling inflationCasea CBA of the North-East mine development project10. The social discount rate11. Dealing with uncertaintyexpected values, sensitivity analysis, and the value of informationCaseusing Monte Carlo simulationassessing the net benefits of early detection of Alzheimer's Disease12. Risk, option price and option value13. Existence value14. Valuing impacts from observed behaviorexperiments and quasi experimentsCasefindings from CBAs of welfare-to-work programs15. Valuing impacts from observed behaviorindirect market methods16. Contingent valuationusing surveys to elicit information about costs and benefitsCaseusing contingent valuation to estimate benefits from higher education17. Shadow prices from secondary sourcesCaseshadow pricing a high school diploma18. Cost-effectiveness analysis and cost-utility analysis19. Distributionally weighted CBACasethe Tulsa IDA account program20. How accurate is CBA?
