Bokus
Per-Olov Johansson, Bengt Kriström - Cost-Benefit Analysis, Häftad

Häftad, Engelska, 2018

Cost-Benefit Analysis

Av Per-Olov Johansson, Bengt Kriström

Del i serien Elements in Public Economics

317 kr

Beställningsvara. Skickas inom 5-8 vardagar. Fri frakt över 249 kr.

Beskrivning
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.
Produktinformation
Utforska kategorier
Recensioner i media

'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)

Betyg & recensioner

0 recensioner

Inga recensioner tillgängliga.

Mer från samma serie

Mer från samma författare