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    Cost-benefit analysis : concepts and practice / Anthony E. Boardman [and others].

    • Title:Cost-benefit analysis : concepts and practice / Anthony E. Boardman [and others].
    •    
    • Other Contributors/Collections:Boardman, Anthony E.
    • Published/Created:Upper Saddle River, N.J. : Prentice Hall, ©2011.
    • Holdings

       
    • Library of Congress Subjects:Cost effectiveness.
    • Edition:4th ed.
    • Description:xvii, 541 pages : ill ; 24 cm.
    • Series:Pearson series in economics.
    • 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.
    • Notes:Includes bibliographical references and indexes.
    • ISBN:9780137002696 (alk. paper)
      0137002696 (alk. paper)
    • 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.
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