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Cost-benefit analysis : concepts and practice / Anthony E. Boardman [and others].
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Title:Cost-benefit analysis : concepts and practice / Anthony E. Boardman [and others].
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Other Contributors/Collections:Boardman, Anthony E.
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Published/Created:Upper Saddle River, N.J. : Prentice Hall, ©2011.
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Holdings
Holdings Record Display
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Location:DAVID LAM LIBRARY stacksWhere is this?
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Call Number: HD47.4 .C669 2011
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Number of Items:1
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Status:c.1 Lost - 03-06-2019
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Location:KOERNER LIBRARY stacks (Floor 1)Where is this?
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Call Number: HD47.4 .C669 2011
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Number of Items:1
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Status:Available
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Location:DAVID LAM LIBRARY stacksWhere is this?
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Library of Congress Subjects:Cost effectiveness.
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Edition:4th ed.
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Description:xvii, 541 pages : ill ; 24 cm.
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Series:Pearson series in economics.
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Summary:A practical introduction to cost-benefit analysis through problem solving. This authoritative, market-leading text is known for its consistent application of a nine-step framework for conducting or interpreting a cost-benefit analysis.
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Notes:Includes bibliographical references and indexes.
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ISBN:9780137002696 (alk. paper)
0137002696 (alk. paper)
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Contents:Chapter 1. Introduction to Cost-Benefit Analysis
Individual versus Social Costs and Benefits
Types of CBA Analyses and Their Purposes
Basic Steps of CBA: Coquihalla Highway Example
Bureaucratic and Political "Lenses"
Demand for CBA
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
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
Measurement of Existence Value
Chapter 10. Social Discount Rate
Does the Choice of Discount Rate Matter?
Theory Behind the Appropriate Social Discount Rate
Deriving the Social Discount Rate from Market Rates: Four Alternatives
Shadow Price of Capital
Using the Optimal Growth Rate Approach to Discounting
Intergenerational Discounting
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
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
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
Value of a Statistical Life
Value of a Life-Year
Cost of Crashes and the Cost of Injuries
Cost of Crime
Value of Time
Value of Recreation
Value of Nature (Specific Species or Habitats)
Value of Water and Water Quality
Cost of Noise
Cost of Air Pollution
Social Costs of Automobiles
Cost of Taxation: Marginal Excess Tax Burden
Transferring and Adjusting Plug-in Values
Chapter 17. Shadow Prices: Applications to Developing Countries
LMST Methodology
Illustrations of the LMST Method in Practice
Shadow Pricing When Goods are in Fixed Supply
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
Use of League Tables
Chapter 19. Distributionally Weighted Cost-Benefit Analysis
Distributional Justifications for Income Transfer Programs
Case for Treating Low- and High-Income Groups Differently in CBA
Distributional Weights
Determining Distributional Weights
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.