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Cost-Benefit Analysis

E.J. Mishan | Euston Quah
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A01=E.J. Mishan
A01=Euston Quah
advanced welfare economics applications
Annual Net Benefits
applied welfare economics
appraisal
Author_E.J. Mishan
Author_Euston Quah
BCA
behavioural economics
Benefit Transfer
benefit-cost analysis
Category=JP
Category=KCC
Category=KCD
Category=KFCP
CBA
Confer
Consumer Surplus
Cost Benefit Criterion
cost-benefit analysis
criteria
decision making
Demand Curve
Discount Rate
economic analysis
economic impact assessment
environmental externalities
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Excess Benefit
externalities
Follow
infrastructure
Initial Outlay
Investment Streams
Marginal Valuation Curve
Negative Net Benefit
Net Benefit Figure
Net Benefit Stream
Net Benefits
Net Social Benefits
non-market goods valuation
non-market valuation
Pareto Criterion
Potential Pareto Criterion
Potential Pareto Improvement
public policy evaluation
resource allocation methods
Stated Preference Approaches
Terminal Year
Travel Cost Method
uncertainty analysis
value of household production
value of statistical life
Vice Versa
WTA

Product details

  • ISBN 9781138492752
  • Weight: 2040g
  • Dimensions: 174 x 246mm
  • Publication Date: 10 Aug 2020
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme – often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society’s scarce resources.

This timely sixth edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include:

  • updated historical background of CBA

  • extended non-market goods valuation methods

  • the impact of uncertainty

  • evaluation of programmes and services

  • behavioural economics

  • decision rules and heuristics

  • CBA and regulatory reforms

  • CBA in developed and developing countries

  • value of household production

  • other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life.

This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students.

The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter.
About E.J. Mishan | Euston Quah

E.J. Mishan was Professor of Economics at the London School of Economics, UK, from 1956 to 1977.

Euston Quah is Albert Winsemius Chair Professor of Economics at Nanyang Technological University, Singapore.

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