Hardback
Teaching Benefit-Cost Analysis
Tools of the Trade
9781786435316 Edward Elgar Publishing
Teaching Benefit-Cost Analysis provides detail and inspiration that extends and clarifies standard textbooks. Each short, self-contained module includes guidance to additional sources while many also provide class exercises. Classes for advanced undergraduates, practitioners, or Masters students could especially apply these tools of the trade.
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Critical Acclaim
Contributors
Contents
More Information
Teaching Benefit-Cost Analysis is a unique look at the insights of internationally recognized teachers, researchers and practitioners addressing a difficult and controversial subject. Each chapter presents a self-contained module that includes guidance to additional resources, and many contain class exercises to provide detail and inspiration that extends beyond the scope of standard textbooks.
The social evaluation of public investments by governments, international organizations and non-profits is an expanding field that encompasses both new and established areas of social policy. This book expands on the methods and issues central to the study of benefit-cost analysis, with specific topics including risk, societal distribution of impacts, limited versus national effects, the statistical value of a life and more.
This book’s focus on classroom engagement makes it a valuable resource for teachers of benefit-cost analysis. Its attention to foundational and advanced concepts will be of interest to undergraduate or Master’s-level students of public policy, economics and related areas, as well as professional economists who apply benefit-cost analysis in their work.
The social evaluation of public investments by governments, international organizations and non-profits is an expanding field that encompasses both new and established areas of social policy. This book expands on the methods and issues central to the study of benefit-cost analysis, with specific topics including risk, societal distribution of impacts, limited versus national effects, the statistical value of a life and more.
This book’s focus on classroom engagement makes it a valuable resource for teachers of benefit-cost analysis. Its attention to foundational and advanced concepts will be of interest to undergraduate or Master’s-level students of public policy, economics and related areas, as well as professional economists who apply benefit-cost analysis in their work.
Critical Acclaim
‘As the feasibility of using benefit-cost analysis (BCA) as a practical tool of policy analysis has increased, so too has the need for materials to aid those of us who are called upon to teach BCA. Teaching Benefit-Cost Analysis: Tools of the Trade, edited by Scott Farrow, is a distinctive and welcome addition to the collection of such materials.''
– On Balance Review
– On Balance Review
Contributors
Contributors: C. Belfield, W.K. Bellinger, A. Brooks Bowden, G. Catalano, C. Dockins, S.E. Dudley, S. Farrow, M. Florio, D. Greenberg, C. Griffiths, A.C. Harberger, P.-O. Johansson, B. Kristrom, K. Krutilla, H.M. Levin, J. Mendeloff, C. Pancotti, E. Quinet, L.A. Robinson, D. Salkever, S. Shapiro, N. Treich, D. Weimer, R.O. Zerbe
Contents
Contents:
Preface: Teaching Benefit-Cost Analysis
PART I The Big Picture
1. Decision Rules
William K. Bellinger
2. Triangles and All That
Arnold C. Harberger
3. Defining the Baseline
Charles Griffiths and Chris Dockins
4. The Concept of Standing in Benefit-Cost Analysis
Richard O. Zerbe
5. Partial Equilibrium versus General Equilibrium Evaluations or Small versus Large Projects
Per-Olov Johansson and Bengt Kriström
6. Benefit-cost Analysis and US Regulatory Review: Finding a Market Failure
Susan E. Dudley
7. The Essentials: A Short Course for Young Professionals
Gelsomina Catalano and Massimo Florio
PART II Challenging Concepts and Examples
8. Valuing Statistical Lives
Lisa A. Robinson
9. The Arithmetic of Efficiency—Or the Value of Marginal Analysis
John Mendeloff
10. Treatment of Employing and Disemploying Workers
David Greenberg
11. Uncertainty and Risk
Nicholas Treich
12. On defining and valuing the benefits of health policy interventions: How and why CEA in health morphed into CU(B)A and “back-door” BCA
David Salkever
13. Harmful Addiction
David Weimer
14. Supplementing Benefit-Cost Analysis: Models for Transport and Land Use Decisions
Emile Quinet
15. Evaluating Knowledge Projects and R&D Infrastructures with an Example
Massimo Florio and Chiara Pancotti
16. Cost Estimation in Education: the Ingredients Method
Clive Belfield, A. Brooks Bowden and Henry M. Levin
17. Distributional Accounting in Benefit-Cost Analysis
Kerry Krutilla
18. Case Studies in the Classroom: Lessons Learned
Stuart Shapiro
19. Simulation: Incorporating Uncertainty
Scott Farrow
Index
Preface: Teaching Benefit-Cost Analysis
PART I The Big Picture
1. Decision Rules
William K. Bellinger
2. Triangles and All That
Arnold C. Harberger
3. Defining the Baseline
Charles Griffiths and Chris Dockins
4. The Concept of Standing in Benefit-Cost Analysis
Richard O. Zerbe
5. Partial Equilibrium versus General Equilibrium Evaluations or Small versus Large Projects
Per-Olov Johansson and Bengt Kriström
6. Benefit-cost Analysis and US Regulatory Review: Finding a Market Failure
Susan E. Dudley
7. The Essentials: A Short Course for Young Professionals
Gelsomina Catalano and Massimo Florio
PART II Challenging Concepts and Examples
8. Valuing Statistical Lives
Lisa A. Robinson
9. The Arithmetic of Efficiency—Or the Value of Marginal Analysis
John Mendeloff
10. Treatment of Employing and Disemploying Workers
David Greenberg
11. Uncertainty and Risk
Nicholas Treich
12. On defining and valuing the benefits of health policy interventions: How and why CEA in health morphed into CU(B)A and “back-door” BCA
David Salkever
13. Harmful Addiction
David Weimer
14. Supplementing Benefit-Cost Analysis: Models for Transport and Land Use Decisions
Emile Quinet
15. Evaluating Knowledge Projects and R&D Infrastructures with an Example
Massimo Florio and Chiara Pancotti
16. Cost Estimation in Education: the Ingredients Method
Clive Belfield, A. Brooks Bowden and Henry M. Levin
17. Distributional Accounting in Benefit-Cost Analysis
Kerry Krutilla
18. Case Studies in the Classroom: Lessons Learned
Stuart Shapiro
19. Simulation: Incorporating Uncertainty
Scott Farrow
Index
