Keating, Barry, 1945-,

Basic cost benefit analysis for assessing local public projects /Barry P. Keating and Maryann O. Keating. - First edition. - New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, (c)2014. - 1 online resource (128 pages) - Economics collection, .

Part of: 2013 digital library.

1. An introduction to cost benefit analysis -- 2. Cost benefit analysis and individual preferences -- 3. Time preference and the discount rate -- 4. Measuring costs and benefits -- 5. Shadow pricing -- 6. Potential pitfalls in cost benefit analysis -- 7. Introducing cost benefit analysis to the non-specialist -- 8. Cost benefit analysis of proposed new regulations -- 9. Case study: contracting versus a municipal animal control shelter -- 10. Case study: cost benefit analysis for a forty acre industrial park intended to spawn economic development and jobs -- 11. Case study: establishing a recreational program for the disabled -- Appendix -- Notes -- References -- Index.

This book presents essential elements for understanding, interpreting, and conducting cost benefit analysis (CBA) in the context of local government. The cost benefit technique is so often referenced in government policy that a correct understanding is necessary for officials entrusted with public decisions. It is especially useful for those charged with preparing numerical analyses to assess the worthiness of a specific policy proposal. In this manual, costs and benefits are identified and analyzed in terms of economic efficiency and resource allocation.


Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.

9781606496374


Public works--Cost effectiveness.

cost benefit analysis (CBA) local government project evaluation discount rate willingness to accept willingness to pay economic efficiency positive time preference net discounted benefits present value of costs present value of benefits social welfare functions externalities/spillovers cost effectiveness analysis benefits ratio sensitivity analysis market failure government failure standing external/social costs external/social benefits existence values hedonic valuation hypothetical contingent valuation rent seeking regulatory capture

HD / .B375 2014