Description : 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.
Description : 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 methodological assumptions. Moreover, they are presented in an accessible and 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.
Description : This book provides a comprehensive set of instructions and examples of how to perform a cost-benefit analysis (CBA) of a health intervention, with a particular focus on the use of stated preference survey methods to identify consumer preference data and the use of recent developments in cost-effectiveness analysis within a CBA framework.
Description : 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.
Description : 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. K. Puttaswamaiah is the senior director, Planning Department, Government of Karnataka State, India. He has written or edited fourteen books. He is the founding editor of the Indian (now International) Journal of Applied Economics & Econometrics.
Description : What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform desirable? Does the privatization of a telecommunication provider increase social welfare? To answer these questions governments and their policy advisors should have in mind an operative definition of social welfare, and cannot rely on simple official statistics, such as GDP. The price we observe are often misleading as welfare signals, and costs and benefits for the society should be based on ‘shadow prices’, revealing the social opportunity costs of goods and of changes of the world. This book explains how to apply these welfare economics ideas to the real world. After a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduce the readers to an applied framework. This includes the empirical estimation of shadow prices of goods, of the social cost of labour and capital, the assessment of risk. This book also includes the state of the art of international experience with CBA, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation, is presented. This book offers a unique and original blend of theory, empirics and experience. The theoretical discussion clarifies why shadow prices are not virtual market equilibrium prices, as they arise as the solution of a planning problem, often with governments and economic agents constrained in their information and powers. The empirical chapters show how to compute proxies of the shadow prices in simple ways. The experience chapters draw from first hand research, gained by the Author and his collaborators over many years of advisory work for the European Commission and other international and national institutions.
Description : This book provides an authoritative contribution to applied cost_benefit analysis (CBA) and other evaluation methods in the context of the regional policy of the European Union. Through the use of Structural Funds and other financial and regulatory mec
Description : This book provides the reader with a comprehensive set of instructions and examples of how to perform an economic evaluation of a health intervention, focusing solely on cost-effectiveness analysis in healthcare.
Description : Cost-benefit analysis (CBA) is often one of the most invaluable tools in decision making. Yet, it is often inadequately understood by the practitioners who would most benefit from its use. The reason is that most books published on the subject have been written by economists, and therefore do not meet the needs of practising engineers. Cost-benefit analysis is different in that it has been specifically written with the sole aim of explaining, in a clear and straightforward way, How the technique can be applied in practice as well as its underlying rationale. Written by Michael Snell, a practising civil engineer with thirty years experience in the planning, design, evaluation and implementation of engineering and development projects worldwide, Cost-benefit analysis: Outlines the fundamental principles of CBA as a decision-guiding tool details the financial, economic and social types of CBA explains, in a sraightforward manner, the more complex aspects of CBA such as discounting and shadow pricing features special techniques for a number of particular fields and types of product, like transport, education, health and water resources, energy and agriculture gives extensive references to the published literature for details on particular fields provides practical guidance on how to make an analysis simple, transport and relevant outlines guidance on the best ways to present CBA together with a sample report includes a checklist of the most important factors for quick reference. provides numerous practical worked examples and questions gives practical guidance on multi-criterion analysis and on the treatment of risk and uncertainty includes references to British guidelines and the latest guidelines of the World Bank and other international financing agencies.