Buch, Englisch, 100 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 161 g
Reihe: Elements in Public Economics
Buch, Englisch, 100 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 161 g
Reihe: Elements in Public Economics
ISBN: 978-1-108-46293-8
Verlag: Cambridge University Press
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.
