A guide to the theory of benefit cost analysis, and aiding practical application, this text extends the basic microeconomic framework to financial analysis to show how financial concepts used in private firms can be employed to evaluate projects in the public sector. Ethical issues are brought in throughout, and extensive case studies show the theory in action. Step-by-step demonstrations apply theory and cost-benefit tools, with complete discussion of risk and uncertainty. The case studies show how to apply materia in a practical context.
Sprache
Verlagsort
Verlagsgruppe
Pearson Education Limited
Zielgruppe
Für höhere Schule und Studium
Maße
Gewicht
ISBN-13
978-0-673-18066-7 (9780673180667)
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Schweitzer Klassifikation
Introduction to benefit cost analysis; rationale for benefit cost analysis; aggregation of benefits and cost over time; introduction to financial calculations; measures of welfare loss for an individual; the measurement of aggregate welfare changes; calculation of costs and benefits in partial equilibrium; applications of cost-benefit analysis to regulatory issues; making financial decisions; case study of options for sludge disposal; accounting for the distribution of benefits and costs; the ethical foundations of benefit cost analysis; the interest rate for public investment decisions; case study of the High Ross Dam; an introduction to risk; the incorporation of risk into benefit cost analysis; techniques for analysis under uncertainty; introduction to non-marketed; the cost of life; the valuation of health risks in Bonmneville Power's weatherization programme; benefit cost analysis in general equilibrium; government uses of benefit cost analysis; the case of the Snail Darter and the Tellico Dam.
