INTRODUCTION TO COST BENEFIT ANALYSIS - The Diigo Meta page

• 25 Sep 06
  

  Sean Milton Duncan

  cba dissertation

  • The increase in benefits reulting from an increase in
    
    consumption is the sum of the marginal benefit times each incremental
    
    increase in consumption.
  • The relationship between the market price and
    
    the quantity consumed is called the demand schedule
  • 5 more annotations...
  • • the valuation
      
      of the benefit of cleaner air could be established by finding how much less
      
      people paid for housing in more polluted areas which otherwise was identical
      
      in characteristics and location to housing in less polluted areas
    • The value of time should be that which the public reveals
      
      their time is worth through choices involving tradeoffs between time and
      
      money.
    • The valuation of benefits and costs should reflect preferences revealed
      
      by choices which have been made.
    • discounted present value of that benefit of the project
    • the discounted value or present
      
      value of a dollar available t years in the future

Page Comments

• 
  Sean Milton Duncan on 2006-09-25
  A really good intro-level overview of cost-benefit analysis

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