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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.
Cost effectiveness. --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control)
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Cost effectiveness --- Cost effectiveness. --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- Business economics
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This text argues in favour of using cost-benefit analysis globally and examines the positive impact it can have in developing countries using relevant case studies. The book discusses the potential for cost-benefit analysis to provoke a global shift toward stronger and more effective economic policies.
Cost effectiveness. --- Economic development --- Environmental policy --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- Cost effectiveness --- E-books
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This accessible and non-technical introductory text presents the principal methods and key concepts involved in understanding and applying cost-benefit analysis, and demonstrating how to evaluate whether an investment project or policy proposal will contribute to increase social welfare. Gines de Rus incorporates the latest thinking on issues such as the treatment of risk and uncertainty, and the importance of institutional arrangements in ensuring the correct use of the technique.
Cost effectiveness --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- Social costs. Social benefits
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How should policy analysts assess 'benefit validity' when behavioral anomalies appear relevant? David L. Weimer provides thoughtful answers through practical guidelines. Behavioral economists have identified a number of situations in which people appear not to behave according to the neoclassical assumptions underpinning welfare economics and its application to the assessment of the efficiency of proposed public policies through cost-benefit analysis. This book introduces the concept of benefit validity as a criterion for estimating benefits from observed or stated preference studies, and provides practical guidelines to help analysts accommodate behavioral findings. It considers benefit validity in four areas: violations of expected utility theory, unexpectedly large differences between willingness to pay and willingness to accept, non-exponential discounting, and harmful addiction. In addition to its immediate value to practicing policy analysts, it helps behavioral economists identify issues where their research programs can make practical contributions to better policy analysis.
Economics --- Cost effectiveness. --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- Behavioral economics --- Behavioural economics --- Psychological aspects.
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La valutazione della performance di un'impresa, pubblica o privata, basata sui concetti di produttività ed efficienza, deve essere condotta utilizzando strumenti metodologici adeguati, specificatamente individuati nell'ambito di una teoria della produzione. Il volume offre una panoramica dell'evoluzione del concetto di efficienza - ed in particolare dell'efficienza tecnica rispetto alle possibilità produttive - e delle metodologie con cui si affrontano i problemi della sua misurazione, attraverso un'esposizione che esamina sia gli aspetti teorici, sia quelli pratici, con particolare riferimento soprattutto all'ambito universitario.
Capital productivity. --- Capital output ratios --- Productivity of capital --- Industrial productivity --- Production (Economic theory) --- Government productivity --- Labor productivity --- Economia --- Imprese --- Gestione d'impresa
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"Most commonly used in economic and public policy decisions, benefit-cost analysis traditionally attempts to calculate a bottom line by assigning monetary values to all factors associated with a proposed project or action. By contrast, multiple account benefit-cost analysis recognizes that all values are complex and that not all consequences can be expressed in monetary terms or incorporated into one summary measure of net benefit. In this textbook, designed for practitioners as well as for intermediate or advanced students, Marvin Shaffer illustrates how the basic principles and concepts of a benefit-cost analysis can be applied in a multiple account framework, in the process developing a systematic approach to the evaluation of project and policy alternatives. Though retaining the basic principles of benefit-cost analysis, Shaffer focuses more on identifying the advantages and disadvantages of key project alternatives and assessing their necessary trade-offs in order to better inform public policy debates."--Publisher's description.
Cost effectiveness --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control) --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Cost effectiveness.
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Capital --- Production functions (Economic theory) --- Functions, Production (Economic theory) --- Production (Economic theory) --- Economics --- Mathematical models --- Capital productivity --- Prices --- Capital output ratios --- Productivity of capital --- Industrial productivity --- Government productivity --- Labor productivity
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Cost effectiveness. --- 338.26 --- Social costs. Social benefits --- Social Sciences and Humanities. Economics --- Economic Theory. --- Coût-efficacité --- Cost effectiveness --- Benefit cost analysis --- Capital output ratios --- Cost benefit analysis --- Costs, Industrial --- Engineering economy --- Value analysis (Cost control)
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