CostBenefit Analysis by Per-Olov Johansson (English) Paperback Book

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ISBN-13:9781108462938
Book Title:CostBenefit Analysis
Number of Pages:100 Pages
Language:English
Publication Name:Cost-Benefit Analysis
Publisher:Cambridge University Press
Publication Year:2018
Subject:Economics
Item Height:229 mm
Item Weight:160 g
Type:Textbook
Author:Per-Olov Johansson, Bengt Kristroem
Item Width:151 mm
Format:Paperback

CostBenefit Analysis by Per-Olov Johansson, Bengt Kriström Provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. Discusses how to assess the impact of small and large projects on prices and other economic variables. A novel feature is the flexible evaluation rules for reasonably small projects. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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. Review The authors ability to address classic topics in a simple illustrative manner that nevertheless leads to very penetrating conclusions is the mark of their deep understanding of the matter. … [T]he authors demonstrate an enviable ability to explain concepts and mechanisms with very simple sentences and examples. They do not hesitate to return to the definition of rather basic concepts, such as externalities, or public goods, using enlightening illustrations. They introduce more refined concepts with short sentences. I was especially struck by their elegant and concise way of introducing risk: In order to be able to say anything meaningful about attitudes toward risk we must assume that the utility function is concave or convex. Concavity or convexity of a function is a cardinal property. Therefore we now leave the ordinal world … Emile Quinet, Society for Benefit-Cost Analysis (benefitcostanalysis.org) Promotional Provides a summary of recent developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. Review Quote The authors ability to address classic topics in a simple illustrative manner that nevertheless leads to very penetrating conclusions is the mark of their deep understanding of the matter. … [T]he authors demonstrate an enviable ability to explain concepts and mechanisms with very simple sentences and examples. They do not hesitate to return to the definition of rather basic concepts, such as externalities, or public goods, using enlightening illustrations. They introduce more refined concepts with short sentences. I was especially struck by their elegant and concise way of introducing risk: In order to be able to say anything meaningful about attitudes toward risk we must assume that the utility function is concave or convex. Concavity or convexity of a function is a cardinal property. Therefore we now leave the ordinal world … Emile Quinet, Society for Benefit-Cost Analysis (benefitcostanalysis.org) Promotional “Headline” Provides a summary of recent developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. Description for Bookstore Provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. Discusses how to assess the impact of small and large projects on prices and other economic variables. A novel feature is the flexible evaluation rules for reasonably small projects. Description for Library Provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. Discusses how to assess the impact of small and large projects on prices and other economic variables. A novel feature is the flexible evaluation rules for reasonably small projects. Details ISBN1108462936 ISBN-10 1108462936 ISBN-13 9781108462938 Format Paperback Pages 100 Series Elements in Public Economics Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom Publisher Cambridge University Press Year 2018 Media Book DEWEY 352.43 Illustrations Worked examples or Exercises; 7 Line drawings, black and white Publication Date 2018-05-24 Language English UK Release Date 2018-05-24 AU Release Date 2018-05-24 NZ Release Date 2018-05-24 Author Bengt Kriström Alternative 9781108660624 Audience Professional & Vocational We’ve got this At The Nile, if you’re looking for it, we’ve got it. With fast shipping, low prices, friendly service and well over a million items – you’re bound to find what you want, at a price you’ll love! TheNile_Item_ID:168641949;

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