Cost-Benefit Analysis and Public Policy

Cost-Benefit Analysis and Public Policy
Title Cost-Benefit Analysis and Public Policy PDF eBook
Author David Weimer
Publisher John Wiley & Sons
Pages 465
Release 2009-04-22
Genre Political Science
ISBN 1444307185

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This volume seeks to facilitate such exposure by drawing together into a convenient collection the fine articles on CBA and its application that have appeared in the Journal of Policy Analysis and Management (JPAM).

The Journal of Cost Analysis & Management

The Journal of Cost Analysis & Management
Title The Journal of Cost Analysis & Management PDF eBook
Author
Publisher
Pages 222
Release 2004
Genre Cost accounting
ISBN

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The Cost-Benefit Revolution

The Cost-Benefit Revolution
Title The Cost-Benefit Revolution PDF eBook
Author Cass R. Sunstein
Publisher MIT Press
Pages 286
Release 2019-09-24
Genre Political Science
ISBN 0262538016

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Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes. Opinions on government policies vary widely. Some people feel passionately about the child obesity epidemic and support government regulation of sugary drinks. Others argue that people should be able to eat and drink whatever they like. Some people are alarmed about climate change and favor aggressive government intervention. Others don't feel the need for any sort of climate regulation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements really involve facts, not values. It follows that government policy should not be based on public opinion, intuitions, or pressure from interest groups, but on numbers—meaning careful consideration of costs and benefits. Will a policy save one life, or one thousand lives? Will it impose costs on consumers, and if so, will the costs be high or negligible? Will it hurt workers and small businesses, and, if so, precisely how much? As the Obama administration's “regulatory czar,” Sunstein knows his subject in both theory and practice. Drawing on behavioral economics and his well-known emphasis on “nudging,” he celebrates the cost-benefit revolution in policy making, tracing its defining moments in the Reagan, Clinton, and Obama administrations (and pondering its uncertain future in the Trump administration). He acknowledges that public officials often lack information about costs and benefits, and outlines state-of-the-art techniques for acquiring that information. Policies should make people's lives better. Quantitative cost-benefit analysis, Sunstein argues, is the best available method for making this happen—even if, in the future, new measures of human well-being, also explored in this book, may be better still.

Strategic Cost Management

Strategic Cost Management
Title Strategic Cost Management PDF eBook
Author John K. Shank
Publisher Simon and Schuster
Pages 298
Release 1993
Genre Cost accounting
ISBN 0029126517

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An indispensable guide for managers concerned with cost, strategy, and business re-engineering. Experts on the strategic use of cost data, the authors show how stategic cost management is revolutionizing accounting practices in leading companies. Includes numerous examples. 120 line drawings.

Principles and Standards for Benefit-Cost Analysis

Principles and Standards for Benefit-Cost Analysis
Title Principles and Standards for Benefit-Cost Analysis PDF eBook
Author Scott Farrow
Publisher Edward Elgar Publishing
Pages 465
Release 2013-01-01
Genre Business & Economics
ISBN 1782549064

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'This book is a superb textbook treatment of benefit–cost analysis. It is well designed for students in public policy, public administration, public health, social work, environmental affairs, law and business.' – John D. Graham, Indiana University, US 'Principles and Standards for Benefit–Cost Analysis is well worth reading. The volume reproduces some chapters previously published online in the Journal of Benefit–Cost Analysis alongside new material that has not yet appeared in print, and does so in a logical and appealing way. Even the several chapters with which I disagreed made me think hard about my own views. And thinking hard is a good thing!' – Paul R. Portney, University of Arizona, US Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice. Although new analytical approaches are constantly being used and tested, this book supports the emergence of a professional culture adhering to a set of principles and standards that can be used to identify useful analytical processes and to discard less useful ones. Contributors to this volume come from a wide variety of backgrounds and include authors of leading textbooks, editors of journals, former government officials, and practitioners whose analyses have shaped decisions about education, the environment, security, income distribution, and other vital social and economic policies. Students and professors of public sector economics will find much of interest in this groundbreaking book. Practitioners working in government, non-profit organizations, and international institutions, including welfare economists, policy analysts, environmentalists, engineers, and others will also benefit from this volume's sophisticated and practical recommendations.

Discounting and Intergenerational Equity

Discounting and Intergenerational Equity
Title Discounting and Intergenerational Equity PDF eBook
Author Paul R. Portney
Publisher Routledge
Pages 262
Release 2013-10-18
Genre Business & Economics
ISBN 1135892016

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The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability.

Applied Methods of Cost-effectiveness Analysis in Healthcare

Applied Methods of Cost-effectiveness Analysis in Healthcare
Title Applied Methods of Cost-effectiveness Analysis in Healthcare PDF eBook
Author Alastair Gray
Publisher Oxford University Press, USA
Pages 326
Release 2011
Genre Business & Economics
ISBN 0199227284

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This book provides the reader with a comprehensive set of instructions and examples of how to perform an economic evaluation of a health intervention, focusing solely on cost-effectiveness analysis in healthcare.