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006 m eo d
007 cr cn |||m|||a
008 170602s2017 nyu foab 001 0 eng d
020 _a9781631578823
_qe-book
035 _a(BEP)4865547
035 _a(OCoLC)988857430
035 _a(CaBNVSL)swl00407413
040 _aCaBNVSL
_beng
_erda
_cCaBNVSL
_dCaBNVSL
050 4 _aHD3857
100 1 _aKeating, Barry,
_d1945-,
_eauthor.
245 1 0 _aBasic cost benefit analysis for assessing local public projects /
_cBarry P. Keating and Maryann O. Keating.
250 _aSecond edition.
264 1 _aNew York, New York (222 East 46th Street, New York, NY 10017) :
_bBusiness Expert Press,
_c[(c)2017.]
300 _a1 online resource (128 pages)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _adata file
_2rda
490 1 _aEconomics collection,
_x2163-7628
504 _aIncludes bibliographical references (pages 119-124) and index.
505 0 _a1. An introduction to cost-benefit analysis --
_t2. Cost-benefit analysis and individual preferences --
_t3. Time preference and the discount rate --
_t4. Measuring costs and benefits --
_t5. Shadow pricing --
_t6. Potential pitfalls in cost benefit analysis --
_t7. Introducing cost benefit analysis to the nonspecialist --
_t8. Cost benefit analysis of proposed new regulations --
_t9. Case study: contracting versus a municipal animal control shelter --
_t10. Case study: cost benefit analysis for a forty acre industrial park intended to spawn economic development and jobs --
_t11. Case study: establishing a recreational program for the disabled --
_tAppendix: some numerical background --
_tNotes --
_tBibliography --
_tIndex.
506 _aAccess restricted to authorized users and institutions.
520 3 _aCost benefit analysis (CBA) is often expected or required for government projects. On the state and local level, the technique is useful for assessing the worthiness of a specific policy proposal. The accounting and analysis of large-scale technical projects require specialized training; in this manual, we offer a nontheoretical introduction to CBA, accessible to readers without an advanced statistical or economic background. The book is designed as a how-to primer in the basics of CBA for local officials who actually evaluate proposals or merely interpret reports using CBA. A Reference List is provided for further study. There is a critical need for officials and the general public to question assumptions, biases, and omissions in proposals submitted by those advocating for certain projects. Tax revenue is limited and government debt at some point becomes unsustainable. CBA is rooted in and has little or no value apart from the economic concepts of cost and resource efficiency, but our goal here is not to stress underlying economic theory. Rather, this manual is designed to explain the correct use and interpretation of CBA, pointing out CBA's limitations and pitfalls. Properly employed, CBA is simply a method for assessing a proposal prior to a collective-choice decision. The CBA process uncovers and measures the intensity of values that residents place on certain services. It attempts to measure net benefits to be derived from a specific proposal relative to an alternative project or the default option of doing nothing. Because standard statistical packages, spreadsheets, and graphical analyses are now generally available, CBA, as a tool, has become more accessible for small projects on a local level. Case studies, presented in the final chapters of this book, represent typical proposals confronted by local officials. Included are instructions for using computer spreadsheets to build basic cost benefit models and an Appendix on the step-by-step process for discounting future costs and benefits. Completing this book will allow a student or local government decision maker to understand and construct a simple CBA model. They will also be able to evaluate more extensive CBA models for accuracy and shortcomings.
530 _a2
_ub
530 _aAlso available in printing.
538 _aMode of access: World Wide Web.
538 _aSystem requirements: Adobe Acrobat reader.
588 _aTitle from PDF title page (viewed on June 2, 2017).
650 0 _aPublic works
_xCost effectiveness.
653 _abenefits ratio
653 _acost benefit analysis (CBA)
653 _acost effectiveness analysis
653 _adiscount rate
653 _aeconomic efficiency
653 _aexistence values
653 _aexternal or social benefits
653 _aexternal or social costs
653 _aexternalities or spillovers
653 _agovernment failure
653 _ahedonic valuation
653 _ahypothetical contingent valuation
653 _alocal government
653 _amarket failure
653 _anet discounted benefits
653 _apositive time preference
653 _apresent value of benefits
653 _apresent value of costs
653 _aproject evaluation
653 _aregulatory capture
653 _arent seeking
653 _asensitivity analysis
653 _asocial welfare functions
653 _astanding
653 _awillingness to accept
653 _awillingness to pay
655 0 _a[genre]
655 0 _aElectronic books.
700 1 _aKeating, Maryann O.,
_eauthor.
776 0 8 _iPrint version:
_z9781631578816
830 0 _aEconomics collection.
_x2163-7628
856 4 0 _uhttps://go.openathens.net/redirector/ciu.edu?url=https://portal.igpublish.com/iglibrary/search/BEPB0000616.html
942 _2lcc
_bCIU
_cOB
_eBEP
_QOL
_zBEP11390032
999 _c72748
_d72748
902 _c1
_dCynthia Snell