Basic Cost Benefit Analysis for Assessing Public Projects

Language: English

Published by Business Expert Press, US, 2013

1606496360 / 9781606496367

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CBA is an attempt to fully account for all costs associated with a new proposal along with a detailed calculation of specific private and public benefits. Properly employed, CBA is simply a method for assessing a proposal prior to a collective decision by calculating net benefits relative to an alternative project or the default option of doing nothing. Cost benefit analysis (CBA) guidelines exist in the form of highly theoretical, mathematically complex handbooks published by international and national organizations. These reports are generally beyond the scope of local decision makers entrusted with evaluation of small municipal projects. This work is an attempt to fill the gap between national and international manuals, on the one hand, and the need of local officials to perform or interpret CBA studies out-sourced to consultants, on the other. Because standard statistical packages, spreadsheets, and graphical analyses are more accessible than at any previous time, CBA, as a tool, is more accessible for informing decisions made in the public interest. We assume that there is some optimal amount for public good provision that reflects, to the degree possible, resident taxpayers' willingness to pay. Our goal is four-fold: to discuss the economic underpinnings of cost benefit analysis, to address measurement problems associated with shadow pricing of public goods, to outline potential pitfalls for the non-specialist, and, finally, to present and explain a CBA template in reference to three cases relevant to local government decision making. …

Seller Inventory # LU-9781606496367

Title
Basic Cost Benefit Analysis for Assessing Public Projects
Author
Barry Keating, Maryann O. Keating
Publisher
Business Expert Press, US
Publication year
2013
Condition
New
Binding
Paperback
Language
English
ISBN 10
1606496360
ISBN 13
9781606496367
Item weight
216 grams

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