(Download) "Cost–Benefit Analysis" by Per-Olov Johansson & Bengt Kriström # Book 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.