| SOUKOPOVÁ, Jana. Teaching Benefit-Cost Analysis, Tools of the Trade. NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe. NISPAcee - Network of Institutes and Schools of Public Administration in Central and Eastern Europe, 2019, vol. 12, No 1, p. 219-222. ISSN 1337-9038. Available from: https://dx.doi.org/10.2478/nispa-2019-0010. |
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@atricle{1549961,
author = {Soukopová, Jana},
article_number = {1},
doi = {http://dx.doi.org/10.2478/nispa-2019-0010},
keywords = {Cost Benefit Analysis; teaching; methods},
language = {eng},
issn = {1337-9038},
journal = {NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe},
title = {Teaching Benefit-Cost Analysis, Tools of the Trade},
url = {https://content.sciendo.com/view/journals/nispa/12/1/article-p219.xml},
volume = {12},
year = {2019}
}
TY -
ID - 1549961
AU - Soukopová, Jana
PY - 2019
TI - Teaching Benefit-Cost Analysis, Tools of the Trade
JF - NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe
VL - 12
IS - 1
SP - 219-222
EP - 219-222
PB - NISPAcee - Network of Institutes and Schools of Public Administration in Central and Eastern Europe
SN - 13379038
KW - Cost Benefit Analysis
KW - teaching
KW - methods
UR - https://content.sciendo.com/view/journals/nispa/12/1/article-p219.xml
L2 - https://content.sciendo.com/view/journals/nispa/12/1/article-p219.xml
N2 - Cost-benefit analysis (also referred to as Benefit-cost analysis, or CBA) is one of the basic techniques for evaluating investment projects. The cost-benefit analysis extends the current financial evaluation of the project to include all socio-economic (social) impacts of the project (externalities). The difference between the financial and socio-economic evaluation of the project can be illustrated on the example of a playground. While spending on the construction and operation of the playground is part of the financial analysis, the socio-economic analysis extends the evaluation results to the benefit of parents with children who will use the playground. All impacts need to be quantified for evaluation purposes.The so-called shadow prices are used for valuation of items for which market prices are not available (eg the mentioned benefit of parents with children). For example, substitution markets, willingness to pay, willingness to receive compensation, etc. can be used to determine shadow prices. The article is a review of a book dedicated to teaching CBA.
ER -
SOUKOPOVÁ, Jana. Teaching Benefit-Cost Analysis, Tools of the Trade. \textit{NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe}. NISPAcee - Network of Institutes and Schools of Public Administration in Central and Eastern Europe, 2019, vol.~12, No~1, p.~219-222. ISSN~1337-9038. Available from: https://dx.doi.org/10.2478/nispa-2019-0010.
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