For this edition, E.J. Mishan has been joined by Euston Quah of Nanyang Technological University. New themes explored include the impact of uncertainty on cost-benefit analysis
mehr
For this edition, E.J. Mishan has been joined by Euston Quah of Nanyang Technological University. New themes explored include the impact of uncertainty on cost-benefit analysis
Includes bibliographical references (p. [302]-309) and index
Previous ed.: London: Unwin Hyman, 1988
Electronic reproduction; Available via World Wide Web
Book Cover; Title; Copyright; Contents; Preface to the fifth edition; Part I: Scope and method; 1 Introductory remarks; 2 Cost-effective analysis; 3 Proposals for weighting money valuations; Part II: Basic concepts of benefits and costs; 4 Measurements of consumer surplus; 5 Consumer surplus when several prices change; 6 Consumer surplus when other things change; 7 Introduction to the compensating variation; 8 Measurements of rent; 9 Is producer surplus a rent?; Part III: Shadow prices and transfer payments; 10 Introductory remarks; 11 Opportunity cost of labour
12 Opportunity cost of unemployed labour13 The additional benefits of using unemployed labour; 14 The opportunity costs of imports; 15 Transfer payments and double counting; Part IV: External effects; 16 Introduction to external effects; 17 Adverse spillovers: The complacent view; 18 Internalizing externalities; 19 Evaluating spillovers; 20 Compensating for environmental damage; Part V: Investment criteria; 21 Introduction to investment criteria; 22 Crude investment criteria; 23 The discounted present value criterion; 24 The internal rate of return
25 The alleged superiority of the discounted present value criterion compared with the internal rate of return criterion26 Investment criteria in an ideal capital market; 27 Calculation of rates of return and of time preference; 28 Critique of the discounted present value criterion (I); 29 Critique of the discounted present value criterion (II); 30 The normalized compounded terminal value criterion (I); 31 The normalized compounded terminal value criterion (II); 32 The Pareto criterion and generational time; Part VI: Notes on particular goods; 33 The value of time saved
34 Measuring the benefits of recreational areas (I)35 Measuring the benefits of recreational areas (II); 36 The value of life; Part VII: Uncertainty; 37 Risk and certainty equivalence; 38 Game theory and decision rules (I); 39 Game theory and decision rules (II); 40 How practical are game theory decision techniques?; 41 Simple probability in decision making; 42 Mixed strategies in decision making; 43 Four additional strategems for coping with uncertainty; Part VIII: Further notes; 44 A summing up; Appendix 1: Brief historical background to CBA
Appendix 2: The normative interpretation of a CBAAppendix 3: The alleged contradiction of the Kaldor-Hicks criterion; Appendix 4: The problem of second-best; Appendix 5: Origins of the Hicksian measures of consumer surplus; Appendix 6: Marginal curve measures of consumer surplus; Appendix 7: The concept and measure of rent; Appendix 8: Marginal curve measures of rent; Appendix 9: The limited applicability of property rights; Appendix 10: The rate of time preference; Appendix 11: Selecting a set of investment projects for given political objectives; Appendix 12: The value of human life
Appendix 13: Deadweight loss or love's labour lost
