Cost-Benefit Analysis for Project Appraisal

This book uses modern economic tools to obtain general equilibrium cost-benefit rules to evaluate small, large and ultra-large projects.

List of contents

Preface; 1. Introduction; 2. The basic cost-benefit (C-B) model 9; 3. Market distortions; 4. Intertemporal generalization; 5. Natural resources; 6. Small versus large projects; 7. Aggregation; 8. Appraisal in a risky world; 9. Notes on estimation; 10. A smörgåsbord of further topics; 11. Robustness checks and due diligence in evaluations; References; Index.

About the author

Per-Olov Johansson is Emeritus Professor in the Department of Economics at Stockholm School of Economics. He has published four books with Cambridge University Press: The Economic Theory and Measurement of Environmental Benefits (1987), Introduction to Modern Welfare Economics (1991), Cost-Benefit Analysis of Environmental Change (1993), and Evaluating Health Risks: An Economic Approach (1995).Bengt Kriström is Professor of Resource Economics and Head of the Department of Forest Economics at the Swedish University of Agricultural Sciences, Umeå. He has been a consultant to the Swedish Government and to the OECD on many occasions, and has been a member of the Prime Minister's Commission on Sustainability and Chair of the Expert Group on Environmental Studies at the Ministry of Finance.

Summary

This book uses modern economic tools to obtain general equilibrium cost-benefit rules. It not only presents evaluation rules for small projects but also shows how to evaluate large projects as well as mega projects (such as high speed rails and channel tunnels). This is an excellent toolkit for graduate students and policymakers.

Product details

• Authors: Per-Olov Johansson, Per-Olov Kristrom Johansson, Johansson Per-Olov, Bengt Kriström
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 30.11.2015
• EAN: 9781107121027
• ISBN: 978-1-107-12102-7
• No. of pages: 250
• Subjects: Education and learning > Adult education/adult education classes; Social sciences, law, business > Business > Miscellaneous; BUSINESS & ECONOMICS / Accounting / General, BUSINESS & ECONOMICS / Project Management, BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Budgeting, Project management, Microeconomics, Budgeting & financial management, Budgeting and financial management, Accounting: Study & Revision Guides, Accounting: study and revision guides