Actions for Cost-benefit analysis : concepts and practice
Cost-benefit analysis : concepts and practice / Anthony E. Boardman [and others].
- Published
- Upper Saddle River, N.J. : Prentice Hall, [2011]
- Copyright Date
- ©2011
- Edition
- 4th ed.
- Physical Description
- xvii, 541 pages : illustrations ; 24 cm.
- Additional Creators
- Boardman, Anthony E.
- Series
- Contents
- Chapter 1. Introduction to Cost-Benefit Analysis -- Individual versus Social Costs and Benefits -- Types of CBA Analyses and Their Purposes -- The Basic Steps of CBA: Coquihalla Highway Example -- Bureaucratic and Political "Lenses" -- The Demand for CBA -- The Cost of Doing CBA -- Readers of this Book -- Chapter 2. Conceptual Foundations of Cost-Benefit Analysis -- CBA as a Framework for Measuring Efficiency -- Using CBA for Decision Making -- Fundamental Issues Related to Willingness to Pay -- Concerns about the Role of CBA in the Political Process -- Limitations of CBA: Other Analytical Approaches -- Chapter 3. Microeconomic Foundations of Cost-Benefit Analysis -- Demand Curves -- Supply Curves -- Social Surplus and Allocative Efficiency -- Government Surplus and Allocative Efficiency -- Measuring Changes in Welfare -- Chapter 4. Valuing Benefits and Costs in Primary Markets -- Practical Versus Conceptually Correct Measures of Benefits and Costs -- Valuing Outcomes: Willingness to Pay (WTP) -- Valuing Inputs: Opportunity Costs -- Chapter 5. Valuing Benefits and Costs in Secondary Markets -- Valuing Benefits and Costs in Efficient Secondary Markets -- Valuing Benefits and Costs in Distorted Secondary Markets -- Indirect Effects of Infrastructure Projects -- Secondary Market Effects from the Perspective of Local Communities -- Chapter 6. Discounting Benefits and Costs in Future Time Periods -- The Basics of Discounting -- Compounding and Discounting over Multiple Years -- Timing of Benefits and Costs -- Comparing Projects with Different Time Frames -- Inflation and Real Versus Nominal Dollars -- Relative Price Changes -- Long-Lived Projects and Horizon Values -- Time-Declining Discounting -- Sensitivity Analysis in Discounting -- Chapter 7. Dealing with Uncertainty: Expected Values, Sensitivity Analysis, and the Value of Information -- Expected Value Analysis -- Sensitivity Analysis -- Information and Quasi-Option Value -- Chapter 8. Option Price and Option Value -- Ex Ante WTP Option Price -- Determining the Bias in Expected Surplus: Signing Option Value -- Rationales For Expected Surplus as a Practical Benefit Measure -- Chapter 9. Existence Value -- Active and Passive Use Value -- The Measurement of Existence Value -- Chapter 10. The Social Discount Rate -- Does the Choice of Discount Rate Matter? -- The Theory Behind the Appropriate Social Discount Rate -- Deriving the Social Discount Rate from Market Rates: Four Alternatives -- The Shadow Price of Capital -- Using the Optimal Growth Rate Approach to Discounting -- Intergenerational Discounting -- The Social Discount Rate in Actual Practice -- Chapter 11. Predicting and Monetizing Impacts -- Predicting Impacts -- Monetizing Impacts -- Illustration: WSIPP CBA of the Nurse-Family Partnership Program -- Chapter 12. Valuing Impacts from Observed Behavior: Experiments and Quasi Experiments -- Alternative Evaluation Designs -- CBAs of Experiments and Quasi Experiments -- CBAs of Employment and Training Programs: An Introduction -- The CBA Framework in the Education and Training Context -- Conceptual Issues in Conducting CBAs of Education and Training Programs -- Choosing Prediction Parameters -- CBAs of Welfare-to-Work Experiments -- Random Assignment Experiments in Health -- Chapter 13. Valuing Impacts from Observed Behavior: Direct Estimation of Demand Curves -- Knowing the Slope or Price Elasticity of Demand -- Extrapolating from a Few Observations -- Econometric Estimation with Many Observations -- Chapter 14. Valuing Impacts from Observed Behavior: Indirect Market Methods -- Market Analogy Method -- The Trade-off Method -- Intermediate Good Method -- Asset Valuation Method -- Problems with Simple Valuation Methods -- Hedonic Pricing Method -- Travel Cost Method -- Defensive Expenditures Method -- Chapter 15. Contingent Valuation: Using Surveys to Elicit Information about Costs and Benefits -- Overview of Contingent Valuation Methods -- Payment Vehicle -- Generic Survey Issues -- Contingent Valuation Problems and Issues -- How Accurate Is Contingent Valuation? -- Heuristics for the Design and Use of CV Surveys -- Chapter 16. Shadow Prices from Secondary Sources -- The Value of a Statistical Life -- The Value of a Life-Year -- The Cost of Crashes and the Cost of Injuries -- The Cost of Crime -- The Value of Time -- The Value of Recreation -- The Value of Nature (Specific Species or Habitats) -- The Value of Water and Water Quality -- The Cost of Noise -- The Cost of Air Pollution -- The Social Costs of Automobiles -- The Cost of Taxation: Marginal Excess Tax Burden -- Transferring and Adjusting Plug-in Values -- Chapter 17. Shadow Prices: Applications to Developing Countries -- The LMST Methodology -- Illustrations of the LMST Method in Practice -- Shadow Pricing When Goods are in Fixed Supply -- The Shadow Price of Labor -- Additional Topics -- Is the LMST Method Actually Used for Project Evaluation? -- Chapter 18. Cost-Effectiveness Analysis -- Cost-Effectiveness Ratios and Policy Choice -- Omitted Costs and Benefits -- Cost-Utility Analysis -- The Use of League Tables -- Chapter 19. Distributionally Weighted Cost-Benefit Analysis -- Distributional Justifications for Income Transfer Programs -- The Case for Treating Low- and High-Income Groups Differently in CBA -- Distributional Weights -- Determining Distributional Weights -- A Pragmatic Approach to Weighting -- Chapter 20. How Accurate is CBA? -- Sources of Error and Their Effects on CBA Studies at Different Times -- Three CBAs of the Coquihalla Highway.
- Subject(s)
- ISBN
- 9780137002696 (alk. paper)
0137002696 (alk. paper) - Bibliography Note
- Includes bibliographical references and indexes.
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