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Books > Social sciences > Politics & government > Central government > Central government policies
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Cost-Benefit Analysis - Theory and Application (Hardcover, 2nd Edition)
Loot Price: R1,723
Discovery Miles 17 230
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Cost-Benefit Analysis - Theory and Application (Hardcover, 2nd Edition)
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Drawing on the principles of welfare economics and public finance,
this second edition of Cost-Benefit Analysis: Theory and
Application provides the theoretical foundation for a general
framework within which costs and benefits are identified and
assessed from a societal perspective. With a thorough coverage of
cost-benefit concepts and their underlying theory, the volume
carries the reader through the steps of a typical evaluation
process, including the identification, measurement, and comparison
of costs and benefits, and project selection. Topics include
alternative measures of welfare change, such as the concepts of
consumer surplus and compensating and equivalent variation
measures, shadow pricing, nonmarket valuation techniques of
contingent valuation and discrete choice experiment, perspectives
on what constitutes a theoretically acceptable discount rate, the
social rate of time preference, income distribution, and much more.
The book also focuses on real-world applications of cost-benefit
analysis in two closely related areas-environment and health
care-followed by an examination of the current state of the art in
cost-benefit analysis as practiced by international agencies.
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