(Download) "Cost–Benefit Analysis" by Per-Olov Johansson & Bengt Kriström ~ eBook PDF Kindle ePub Free
eBook details
- Title: Cost–Benefit Analysis
- Author : Per-Olov Johansson & Bengt Kriström
- Release Date : January 24, 2018
- Genre: Public Administration,Books,Politics & Current Events,Business & Personal Finance,Economics,
- Pages : * pages
- Size : 8844 KB
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.
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