Cost-Benefit Analysis and Discounting

Satyajit Bose (), Guo Dong () and Anne Simpson ()
Additional contact information
Satyajit Bose: Columbia University
Guo Dong: Columbia University
Anne Simpson: CalPERS

Chapter Chapter 6 in The Financial Ecosystem, 2019, pp 137-159 from Palgrave Macmillan

Abstract: Abstract We outline the project evaluation tool known as cost-benefit analysis and describe methods commonly used to translate the value of ecosystem services into monetary units. These include revealed preference methods (hedonic pricing, travel cost, and defensive expenditure) and stated preference methods (contingent valuation and discrete choice experiments). Discounting, a key component of cost-benefit analysis, is a significant driver of the conclusions of cost-benefit analysis. We discuss appropriate methods to choose the social discount rate to value future social and environmental benefits and outline the limitations of the approach.

Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-05624-7_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030056247

DOI: 10.1007/978-3-030-05624-7_6

Access Statistics for this chapter

More chapters in Palgrave Studies in Impact Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().