INTRODUCTION TO COST BENEFIT ANALYSIS
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Saved by 1 people (-1 private), first by anonymouse user on 2006-09-25
- Eidosabi on 2006-09-25 - Tags cba , dissertation
Public Sticky notes
the discounted value or present
value of a dollar available t years in the future
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discounted present value of that benefit of the project
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The valuation of benefits and costs should reflect preferences revealed
by choices which have been made.
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The value of time should be that which the public reveals
their time is worth through choices involving tradeoffs between time and
money.
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The increase in benefits reulting from an increase in
consumption is the sum of the marginal benefit times each incremental
increase in consumption.
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The relationship between the market price and
the quantity consumed is called the demand schedule
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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
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Public Comment
on 2006-09-25 by eidosabi