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Books > Business & Economics > Economics > Economic theory & philosophy
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A Primer for Benefit-Cost Analysis (Hardcover)
Loot Price: R3,434
Discovery Miles 34 340
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A Primer for Benefit-Cost Analysis (Hardcover)
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Benefit-cost analysis (BCA) is the best technique for analyzing
proposed or previously enacted projects to determine whether
undertaking them is in the public interest, or for choosing between
two or more mutually exclusive projects. An introduction to BCA for
students as well as practitioners, this accessible volume describes
the underlying economic theory and legal and philosophical
foundations of BCA. BCA provides an objective framework around
which discussion, correction and amendment can take place. Stated
simply, it is the calculation of values for all the inputs and
outputs from a project and then the subtraction of the first from
the second. The authors' goal here is to take the mystery out of
the process. They discuss practical issues of market-based
valuation and aggregation, non-market valuation, practical
applications of general equilibrium models, issues in discounting,
and the impacts of risk and uncertainty in BCA. They also provide a
list of resources and case studies looking at ethanol and the use
of cellular phones by drivers. Straightforward in style and
cutting-edge in coverage, this volume will be highly usable both as
a text and a reference. Advanced undergraduates and masters
students in public policy, public administration, economics and
health care administration programs will find this a valuable
resource. It will also be of great use to agencies that perform
benefit-cost analyses.
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