Theory and Practice in the Choice of Social Discount Rate for Cost-benefit Analysis

Theory and Practice in the Choice of Social Discount Rate for Cost-benefit Analysis PDF Author:
Publisher:
ISBN:
Category : Cost effectiveness
Languages : en
Pages : 56

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Theory and Practice in the Choice of Social Discount Rate for Cost-benefit Analysis

Theory and Practice in the Choice of Social Discount Rate for Cost-benefit Analysis PDF Author:
Publisher:
ISBN:
Category : Cost effectiveness
Languages : en
Pages : 56

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Book Description


Cost-benefit Analysis

Cost-benefit Analysis PDF Author: Ajit Kumar Dasgupta
Publisher:
ISBN:
Category : Cost effectiveness
Languages : en
Pages : 282

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Cost-Benefit Analysis for Development

Cost-Benefit Analysis for Development PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290929588
Category : Business & Economics
Languages : en
Pages : 367

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Book Description
The Asian Development Bank (ADB) has been continuously undertaking measures to enhance the effectiveness of its operations. To improve projects both at the preparation and implementation stages, ADB issued the Guidelines for Economic Analysis of Projects in 1997 as a means to enhancing project quality at entry. The conduct of proper economic analysis helps ensure the efficient use of development funds and public resources and thereby increase aid effectiveness. This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies. These case studies illustrate the application of suggested methodologies, taking into account sector-specific needs, as well as difficulties faced by practitioners in terms of data and time constraints during project processing. It also aims to contribute to ADB’s capacity building initiatives as this will be the main reference material for conduct of economic analysis.

Theory and Practice in the Choice of Social Rate for Cost-benefit Analysis

Theory and Practice in the Choice of Social Rate for Cost-benefit Analysis PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 29

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The Social Discount Rate

The Social Discount Rate PDF Author: Humberto Lopez
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It is argued that if the recent track record in terms of growth in the region is indicative of future performance, estimates of the social discount rate would be in the 3-4 percent range. However, to the extent that the region improves on its past performance, the social discount rate to be used in the evaluation of projects would increase to the 5-7 percent range. The paper also argues that if the social planner gives a similar chance to the low and high growth scenario, the discount rate should be dependent on the horizon of the project, declining from 4.4 percent for a 25-year horizon to less than 4 percent for a 100-year horizon.

Cost-Benefit Analysis

Cost-Benefit Analysis PDF Author: Tevfik F. Nas
Publisher: Lexington Books
ISBN: 1498522513
Category : Business & Economics
Languages : en
Pages : 253

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Book Description
Drawing on the principles of welfare economics and public finance, this second edition of Cost-Benefit Analysis: Theory and Application provides the theoretical foundation for a general framework within which costs and benefits are identified and assessed from a societal perspective. With a thorough coverage of cost-benefit concepts and their underlying theory, the volumecarries the reader through the steps of a typical evaluation process, including the identification, measurement, and comparison of costs and benefits, and project selection. Topics include alternative measures of welfare change, such as the concepts of consumer surplus and compensating and equivalent variation measures, shadow pricing, nonmarket valuation techniques of contingent valuation and discrete choice experiment, perspectives on what constitutes a theoretically acceptable discount rate, the social rate of time preference, income distribution, and much more. The book also focuses on real-world applications of cost-benefit analysis in two closely related areas—environment and health care—followed by an examination of the current state of the art in cost-benefit analysis as practiced by international agencies.

Cost-Benefit Analysis

Cost-Benefit Analysis PDF Author: Tevfik F. Nas
Publisher: SAGE
ISBN: 9780803971332
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
The author introduces "the foundation of relevant economic theory," outlines "the steps involved in a typical cost-benefit analysis," and addresses "topics such as consumer surplus, compensating variation, equivalent variation, shadow pricing, income distribution, and much more."--Cover.

Valuing Climate Damages

Valuing Climate Damages PDF Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309454204
Category : Science
Languages : en
Pages : 281

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Book Description
The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

Cost-Benefit Analysis and the Environment Recent Developments

Cost-Benefit Analysis and the Environment Recent Developments PDF Author: OECD
Publisher: OECD Publishing
ISBN: 926401005X
Category :
Languages : en
Pages : 318

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Book Description
An in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment.

Theory and Practice in Policy Analysis

Theory and Practice in Policy Analysis PDF Author: M. Granger Morgan
Publisher: Cambridge University Press
ISBN: 1316886999
Category : Political Science
Languages : en
Pages : 608

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Book Description
Many books instruct readers on how to use the tools of policy analysis. This book is different. Its primary focus is on helping readers to look critically at the strengths, limitations, and the underlying assumptions analysts make when they use standard tools or problem framings. Using examples, many of which involve issues in science and technology, the book exposes readers to some of the critical issues of taste, professional responsibility, ethics, and values that are associated with policy analysis and research. Topics covered include policy problems formulated in terms of utility maximization such as benefit-cost, decision, and multi-attribute analysis, issues in the valuation of intangibles, uncertainty in policy analysis, selected topics in risk analysis and communication, limitations and alternatives to the paradigm of utility maximization, issues in behavioral decision theory, issues related to organizations and multiple agents, and selected topics in policy advice and policy analysis for government.