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Sammanfattning

This Element on cost-benefit analysis provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. The Element discusses how to assess small (or marginal) as well as large (or non-marginal) projects that have a significant impact on prices and/or other economic variables. It also discusses distortions like taxes, market power, and sticky prices. In addition, risk/uncertainty is considered. A novel feature is the elaboration on flexible evaluation rules for reasonably small projects. Conventional point-estimates of projects should be used with care, because they typically give biased results.

Publicerad i

Elements in public economics
2018
Utgivare: Cambridge University Press

SLU författare

UKÄ forskningsämne

Nationalekonomi

Publikationens identifierare

  • DOI: https://doi.org/10.1017/9781108660624
  • eISBN: 9781108660624

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/143615