Kriström, Bengt
- Department of Forest Economics, Swedish University of Agricultural Sciences
Abstract
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.
Published in
Elements in public economics
2018
Publisher: Cambridge University Press
SLU Authors
UKÄ Subject classification
Economics
Publication identifier
- DOI: https://doi.org/10.1017/9781108660624
- eISBN: 9781108660624
Permanent link to this page (URI)
https://res.slu.se/id/publ/143615