Cost Benefit Analysis Concepts and Practice 5th Edition Boardman Test Bank

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Cost Benefit Analysis Concepts and Practice 5th Edition Boardman Test Bank.

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Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.

 

Table of Content:

I. OVERVIEW.

 

1. Introduction to Cost-Benefit Analysis.
2. Conceptual Foundations of Cost-Benefit Analysis.

II. FUNDAMENTALS OF CBA.

 

3. Basic Microeconomic Foundations of Cost Benefit Analysis.
4. Valuing Benefits and Costs in Primary Markets.
5. Valuing Benefits and Costs in Secondary Markets.
6. Discounting Future Benefits and Costs.
7. Dealing with Uncertainty: Expected Value, Sensitivity Analysis, and the Value of Information.
8. Option Price and Option Value.
9. Existence Value.
10. The Social Discount Rate.

III. VALUATION OF IMPACTS.

 

11. Valuing Impacts from Observed Behavior: Demonstrations.
12. Valuing Impacts from Observed Behavior: Direct Estimation of Demand Curves.
13. Valuing Impacts from Observed Behavior: Other Revealed Preference Methods.
14. Valuing Impacts through Surveys: Contingent Valuation.
15. Shadow Prices from Secondary Sources.
16. Shadow Prices: Applications to Developing Countries.

IV. RELATED METHODS AND ACCURACY.

 

17. Cost-Effectiveness Analysis and Cost-Utility Analysis.
18. Distributionally Weighted Cost-Benefit Analysis.
19. How Accurate Is CBA?
A Selected Cost-Benefit Analysis Bibliography.
Name Index.
Subject Index.

 

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