Applied cost-benefit analysis, 2d ed.9781843768913 Applied cost-benefit analysis cost-benefit analysis In governmental planning and budgeting, the attempt to measure the social benefits of a proposed project in monetary terms and compare them with its costs. , 2d ed. Brent, Robert J. Edward Elgar Publishing 2006 470 pages $215.00 Hardcover HD47 Arguing that cost-benefit analysis (CBA See Capital Builder Account. ) is useful in evaluating any public policy decision because value judgements are inherently involved, Brent (economics, Fordham U., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) extends his treatment of welfare economics in this update of the 1996 edition. After introducing his CBA model drawn from the revealed preference approach to estimation involving weighted benefits and costs and such underlying theoretical concepts as Pareto improvement pareto improvement any change in economic management that improves the situation of one or more members of the community without worsening the lot of anyone. , compensation tests and the distribution of income in this framework, he presents real-life applications of CBA in areas including criminal justice (e.g., sentencing); health (disease prevention); environment (utility pricing); transportation (travel demand, costs, safety); and trade (consumer surplus). The text includes the preface to the first edition, worked problems in microeconomics microeconomics Study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of land, labour, and capital and as the ultimate consumers of the final , and diagrams. ([c]20072005 Book News, Inc., Portland, OR) |
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