Efnisyfirlit

• Cover
• Half title
• Title
• Copyright
• Dedication
• Table of Contents
• List of Illustrations
• List of Tables
• Preface
• 1 Introduction
• 2 The basic cost–benefit (C–B) model
• 2.1 A quick refresher course in micro
• 2.2 Simple general equilibrium C–B rules
• 2.3 Some further results
• 2.4 Public goods and bads
• 2.5 Non-use values
• 2.6 Cross-border externalities
• 2.7 Appendix: further derivations
• 3 Market distortions
• 3.1 Monopoly
• 3.2 Monopsony
• 3.3 Taxes in general equilibrium
• 3.4 The marginal cost of public funds and the excess burden of taxes
• 3.5 Second-best evaluations and optimal taxes
• 3.6 Permit markets
• 3.7 Market imbalances
• 3.7.1 Classical unemployment
• 3.7.2 Keynesian unemployment
• 3.7.3 On the (tiny) empirical evidence
• 3.7.4 Excess demand in a market
• 3.8 Appendix
• 3.8.1 Impact of price changes
• 3.8.2 Labor market constraints
• 4 Intertemporal generalization
• 4.1 Net present values, internal rates of return, and benefit–cost ratios
• 4.2 A brief introduction to optimal control theory
• 4.3 A simple dynamic cost–benefit rule
• 4.4 Social discount rate
• 4.5 On opportunity cost and shadow prices of capital
• 4.6 Timing of an investment
• 4.7 A useful discrete-time model
• 4.8 Appendix: the Inada–Uzawa condition
• 5 Natural resources
• 5.1 Nonrenewable resources
• 5.2 Renewable resources
• 5.3 Forestry
• 5.4 A dynamic CBA rule in the presence of an externality
• 5.5 On second-best solutions
• 6 Small versus large projects
• 6.1 Taylor series approximations
• 6.2 On Marshallian and Hicksian measures of consumer surplus
• 6.3 Large projects and line integrals
• 6.4 A simple illustration of the approach
• 6.5 On the properties of income-compensated measures
• 6.6 On the dangers of benefit transfers
• 6.7 Small might be large
• 6.8 Megaprojects and CGE models
• 6.9 Appendix
• 6.9.1 Line integrals
• 6.9.2 Expenditure functions
• 7 Aggregation
• 7.1 Social welfare functions
• 7.2 A few aggregation rules
• 7.3 Taxation
• 7.4 On practical approaches
• 7.5 On the approach to distribution in three major manuals
• 7.6 Appendix: measurability and comparability of utility
• 8 Appraisal in a risky world
• 8.1 Some simple rules
• 8.2 On the value of flexibility
• 8.3 A simple illustration of the Black–Scholes model
• 8.4 A stochastic cost–benefit rule
• 8.5 The value of preventing a fatality
• 8.6 On the risk of doomsday in CBA
• 8.7 Evaluating disasters. A sketch
• 8.8 Appendix
• 8.8.1 Concavity and quasi-concavity
• 8.8.2 A discrete-time random walk with drift
• 8.8.3 L’Hôpital’s rule
• 8.8.4 An illustration of a VPF function
• 9 Notes on estimation techniques
• 9.1 Contingent valuation
• 9.2 Conjoint analysis and discrete choice experiments
• 9.3 The travel-cost model
• 9.4 Hedonic models
• 9.5 Weak complementarity and household production functions
• 9.6 Benefit transfer
• 9.7 Heterogeneity and aggregation
• 9.8 Cost estimation
• 9.9 Appendix: weak complementarity
• 10 A smörgåsbord of further topics
• 10.1 On the empirical discount rate evidence
• 10.2 Wider economic benefits
• 10.3 The current approach versus Drèze–Stern
• 10.4 On behavioral and happiness economics and CBA
• 10.5 CEA/CUA, multi-criteria analysis, and economic impact analysis
• 11 Robustness checks and due diligence in evaluations
• 11.1 Deterministic sensitivity analysis
• 11.2 Risk analysis
• 11.3 Due diligence and evaluations
• References
• Index