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Cost-benefit analysis Per-Olov Johansson and Bengt Kriström.

By: Contributor(s): Language: English Series: Cambridge elements | Elements in public economics | Cambridge elementsPublication details: Cambridge : Cambridge University Press, 2018Description: 94 sISBN:
  • 9781108462938
  • 9781108660624
Subject(s): Bibl.nr: 2020.0007Location: Summary: 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.
Item type: Reports, conferences, monographs
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Statens väg- och transportforskningsinstitut 2020.0007 Available

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.