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Basic Cost Benefit Analysis for Assessing Local Public Projects, Second Edition by Maryann O. Keating, Barry P. Keating

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Abstract

Cost benefit analysis (CBA) is often expected or required for government projects. On the state and local level, the technique is useful for assessing the worthiness of a specific policy proposal. The accounting and analysis of large-scale technical projects require specialized training; in this manual, we offer a nontheoretical introduction to CBA, accessible to readers without an advanced statistical or economic background. The book is designed as a how-to primer in the basics of CBA for local officials who actually evaluate proposals or merely interpret reports using CBA. A Reference List is provided for further study.

There is a critical need for officials and the general public to question assumptions, biases, and omissions in proposals ...

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