Download or read book Cost Benefit Analysis and Distributional Preferences written by Helen Scarborough and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Helen Scarborough and Jeff Bennett have produced a work that is genuinely path-breaking. As is often the case with path-breaking work, the idea is simple enough: if people can respond to choice experiments in ways that tell us a lot about what they value and how much they value it, why would they not be able to respond to choice experiments where the options offered have different distributional consequences? Such simple ideas evade implementation not because they are so hard to think up, but because it is so easy to dismiss them as unthinkable. All credit goes to Scarborough and Bennett for busting through this particular unthinkability barrier. . . [The authors] may be surprised by the magnitude and the nature of the impact this work eventually enjoys.' From the foreword by Alan Randall, The University of Sydney, Australia and The Ohio State University, US This pathbreaking study illustrates and enhances the potential of costbenefit analysis as a tool for decision-making. Advancing the incorporation of equity preferences in policy analysis, the authors demonstrate the application of choice modelling to the estimation of distributional weights suitable for inclusion in a costbenefit analytical framework. A platform for discussion of the challenges and opportunities of this approach is presented in the form of a detailed case study designed to estimate community preferences for different intergenerational distributions. While the case study is focused on natural resource management and environmental policy, the conceptual and methodological advances illustrated by the authors are relevant and applicable to a wider array of policy deliberations. This book will prove a challenging and thought-provoking read for academics, students and policymakers with an interest in environmental issues and/or public sector economics.
Download or read book Income Distributional Preferences Within Cost benefit Analysis Criterion written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Distributional Cost Effectiveness Analysis written by Richard Cookson and published by Handbooks in Health Economic Evaluation. This book was released on 2020-09-30 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health inequalities blight lives, generate enormous costs, and exist everywhere. This book is the definitive all-in-one guide for anyone who wishes to learn about, commission, and use distributional cost-effectiveness analysis to promote both equity and efficiency in health and healthcare.
Download or read book Well Being and Fair Distribution written by Matthew Adler and published by . This book was released on 2012 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive philosophically grounded argument for the use of social welfare functions as a framework for governmental policy analysis.
Download or read book New Foundations of Cost Benefit Analysis written by Matthew D. Adler and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic account of CBA as a welfarist decision procedure. We reject the traditional defense of CBA in terms of Kaldor-Hicks efficiency, and argue instead that CBA is a workable proxy for overall well-being. We also modify the preference-based account of well-being to which CBA is traditionally linked, and argue that preferences need to be self-interested and fully-informed to produce welfare. This view has many implications for the actual practice of CBA. Chapter 1 summarizes and rejects traditional defenses of CBA. Chapter 2 provides the foundations for a new defense. It argues that that preferences must be idealized and self-interested to produce welfare; that interpersonal welfare comparisons are possible; and that overall well-being is morally relevant, if not morally decisive. Chapters 3 and 4 compare CBA with alternative administrative decision-procedures - such as intuitive balancing, safety-maximizing procedures, "feasibility" analysis, and others - and argue that CBA is the welfare-maximizing procedure, given decision costs, accuracy, and the political realities of the administrative state. Chapter 5 discusses possible modifications in the practice of CBA that flow from our account, such as the "laundering" of preferences, the rejection of environmental "existence values," and the use of distributional weights. Chapter 6 responds to standard objections to CBA, involving its insensitivity to rights and distribution; incommensurability; the discounting of future benefits and costs; the WTP/WTA disparity; and the valuation of human life. In considering these objections, it is important to understand that CBA is not itself a bedrock moral criterion, nor a superprocedure, but simply a practicable tool to implement one part of the moral bedrock - overall well-being.
Download or read book Cost Benefit Analysis written by Tevfik F. Nas and published by Lexington Books. This book was released on 2016-07-29 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 volumecarries 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.
Download or read book Applied Cost benefit Analysis Second Edition written by Robert J. Brent and published by Edward Elgar Publishing. This book was released on 2006-12-21 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acclaim for first edition: The author succeeds in bringing together many interesting real-life applications of CBA in various areas (including among others health, environment and transportation). The examples are well chosen to illustrate the basic issues and show clearly the crucial importance of theoretical and assumptions. Moreover, they are presented in an accessible amethodologicalnd attractive way. For those who know already the principles of CBA, these applications are stimulating and enjoyable reading. Erik Schokkaert, Tijdschrift voor Economie en Management This fully updated new edition continues in the vein of its predecessor by viewing cost benefit analysis as applied welfare economics, while at the same time building on the earlier framework by extending the theory and providing further applications in each chapter. New for this edition are analyses of theory related applications in mental health, condom social marketing programs, female primary education as a means of preventing HIV/AIDS and the pricing of natural gas. Presented in an integrated manner, the theoretical concepts are constructed around the main building blocks of CBA, such as shadow pricing, distribution weights, the social discount rate and the marginal cost of public funds. This edition will cement the book s place as a major and accessible text in the field and will be of great interest to graduate and undergraduate students of welfare economics and microeconomic theory, as well as government economists involved with any area of public policy.
Download or read book Equity in Cost Benefit Analysis by Using Distributional Weights written by Gunnel Bångman and published by . This book was released on 2008 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost-benefit analysis is normally used for evaluation of economic efficiency. Distributional weighting is a way of including income distribution effects in welfare evaluations. Weighted cost-benefit analysis (WCBA) is scarcely used, even though equity is an urgent issue. The reason may be the need for further development of the method. The object of this book is to present the method WCBA, to analyse the effect of the choice of distributional weights on project decisions and to study the relevance of the rationales for applying WCBA. The results indicate that the choice of weights has less effect on project decisions than one would expect, considering the size and progressiveness of the weights. The two rationales for distributional weighting, studied here, are individual marginal utility of income decreasing with income and individual preferences for the welfare of others (altruism). The former rationale seems to be the one most likely to hold. The issue of weighted cost-benefit analysis is of importance not only for researchers interested in equity and welfare but also for analysis and decision-makers in the public sektor.
Download or read book New Foundations of Cost Benefit Analysis written by Matthew D. Adler and published by Harvard University Press. This book was released on 2006-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. This book not only places cost-benefit analysis on a firmer theoretical foundation, but also has many practical implications for how government agencies should undertake cost-benefit studies.
Download or read book Cost Benefit Analysis written by Anthony E. Boardman and published by Cambridge University Press. This book was released on 2018-07-19 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and authoritative introduction to cost-benefit analysis that aims to be readable and user-friendly.
Download or read book Introduction to Cost Benefit Analysis written by Ginés de Rus and published by Edward Elgar Publishing. This book was released on 2010 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows that cost-benefit analysis does not need to be an esoteric and arcane subject. In a step-by-step presentation, with little more than introductory microeconomics, some clear reasoning, and many examples, Professor Ginés De Rus presents the essentials of applied welfare economics concepts. Any undergraduate student or practitioner who wants to start his training in CBA should consider reading this text.
Download or read book Cost benefit Analysis written by James H. Meisel and published by Routledge. This book was released on 2020-10-11 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is increasingly concerned with bridging the developmental gap between the developed and developing countries. With the establishment of a number of institutions for funding the projects including the World Bank, Asian Development Bank, and many other agencies, the need to develop mechanisms to assess economically viable projects is more important than ever. The Social-Cost Benefit Analysis (SCBA) is an important technique used in formulating, appraising, and evaluating projects. It is a facet of applied welfare economics which is increasingly being used to identify and assess public projects in both developing and developed countries. This volume presents a comprehensive view of cost-benefit analysis in its theoretical and applied dimensions. Both theory and case studies are presented. The theoretical setting for Cost-Benefit Analysis is established by the first five chapters-"Spatial General Equilibrium and Cost-Benefit Analysis," by David M. Newbery; "Optimum Growth Theory and Social Time Preference: A Computerized Mathematical Modeling Exercise to Choose a Social Discount Rate," by Sardar M. N. Islam; "A Theoretical Inquiry of the Axiomatic Consistency of Distributional Weights used in Cost-Benefit Analysis," by Giuseppe Munda; "The Output Gap: Measurement, Related Concepts, and Policy Implications," by Parameswar Nandakumar; and "A Methodological Comparison of Theoretical Approaches in Dichotomous Choice Contingent Valuation," by John C. Whitehead. This book will be useful as a reference text by professors and students in project appraisal classes and will be of equal value to analysts, planners, and interested general readers.
Download or read book Cost benefit Analysis written by David William Pearce and published by . This book was released on 1983 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advanced Introduction to Cost Benefit Analysis written by Robert J. Brent and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This concise yet comprehensive introduction aims to outline the core principles of Cost–Benefit Analysis (CBA), laying them out in an accessible manner with minimum technical detail. The applied nature of the subject is emphasized by showing how each of the principles is applied to an actual public policy intervention, covering transport, education, health and the environment. Robert Brent demonstrates how economic efficiency and equity can be combined as social objectives to help determine decisions that can increase satisfaction for all.
Download or read book Cost Benefit Analysis for Development written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-01-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian Development Bank (ADB) has been continuously undertaking measures to enhance the effectiveness of its operations. To improve projects both at the preparation and implementation stages, ADB issued the Guidelines for Economic Analysis of Projects in 1997 as a means to enhancing project quality at entry. The conduct of proper economic analysis helps ensure the efficient use of development funds and public resources and thereby increase aid effectiveness. This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies. These case studies illustrate the application of suggested methodologies, taking into account sector-specific needs, as well as difficulties faced by practitioners in terms of data and time constraints during project processing. It also aims to contribute to ADB’s capacity building initiatives as this will be the main reference material for conduct of economic analysis.
Download or read book Applied Methods of Cost Benefit Analysis in Health Care written by Emma McIntosh and published by Oxford University Press. This book was released on 2010-06-24 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the reader with a comprehensive set of instructions and examples of how to perform a cost-benefit analysis (CBA) of a health intervention. Developed out of a course run by Jordan Louviere at the University of Technology, Sydney, entitled An Introduction to Stated Preference Discrete Choice Modelling it has a particular focus on the use of stated preference survey methods to identify consumer preference data, as well as the use of recent developments in cost-effectiveness analysis within a CBA framework. In doing so, the most up to date methodologies for CBA are compiled in a comprehensive manner with the aim of advancing the methodology of CBA in healthcare. ABOUT THE SERIES Series editors Alastair Gray and Andrew Briggs Economic evaluation of health intervention is a growing specialist field, and this series of practical handbooks tackles, in depth, topics superficially addressed in more general economics books. Each volume includes illustrative material, case histories and worked examples to encourage the reader to apply the methods discussed, with supporting material provided online. The series is aimed at health economists in academia, the pharmaceutical industry and the health sector, those on advanced health economics courses, and health researchers in associated fields.
Download or read book Cost benefit Analysis written by P. Richard G. Layard and published by Harmondsworth : Penguin. This book was released on 1972 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fully revised second edition covers all the main problems that arise in a typical cost-benefit exercise. Copyright © Libri GmbH. All rights reserved.
