IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-030-05624-7_6.html
   My bibliography  Save this book chapter

Cost-Benefit Analysis and Discounting

In: The Financial Ecosystem

Author

Listed:
  • Satyajit Bose

    (Columbia University)

  • Guo Dong

    (Columbia University)

  • Anne Simpson

    (CalPERS)

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.

Suggested Citation

  • Satyajit Bose & Guo Dong & Anne Simpson, 2019. "Cost-Benefit Analysis and Discounting," Palgrave Studies in Impact Finance, in: The Financial Ecosystem, chapter 0, pages 137-159, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-05624-7_6
    DOI: 10.1007/978-3-030-05624-7_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psifcp:978-3-030-05624-7_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.