CostBenefit Analysis (Elements in Public Economics),Used
CostBenefit Analysis (Elements in Public Economics),Used

CostBenefit Analysis (Elements in Public Economics),Used

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SKU: SONG1108462936
Brand: Cambridge University Press
Condition: Used
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This Element on costbenefit analysis provides a summary of recent theoretical and empirical developments and summarizes stateoftheart statedpreference and revealedpreference valuation methods. The Element discusses how to assess small (or marginal) as well as large (or nonmarginal) 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 pointestimates of projects should be used with care, because they typically give biased results.

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