Cost-Benefit Analysis (Paperback)

This Element on cost-benefit analysis provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. The Element discusses how to assess small (or marginal) as well as large (or non-marginal) projects that have a significant impact on prices and/or other economic variables. It also discusses distortions like taxes, market power, and sticky prices. In addition, risk/uncertainty is considered. A novel feature is the elaboration on flexible evaluation rules for reasonably small projects. Conventional point-estimates of projects should be used with care, because they typically give biased results.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Elements in Public Economics
Release date:	May 2018
Authors:	Per-Olov Johansson • Bengt Kristroem
Dimensions:	229 x 151 x 6mm (L x W x T)
Format:	Paperback - Trade
Pages:	100
ISBN-13:	978-1-108-46293-8
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Microeconomics > General
LSN:	1-108-46293-6
Barcode:	9781108462938

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