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Scott Farrow

Simulation is an increasingly accessible method to investigate uncertainty in an analysis. This chapter supports that conclusion, explains the concept behind simulation and presents class exercises using both standard Excel as well as more advanced spreadsheet simulation tools.

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Teaching Benefit-Cost Analysis

Tools of the Trade

Edited by Scott Farrow

Teaching Benefit-Cost Analysis provides detail and inspiration that extends and clarifies standard textbooks. Each short, self-contained module includes guidance to additional sources while many also provide class exercises. Classes for advanced undergraduates, practitioners, or Masters students could especially apply these tools of the trade.
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Scott Farrow and Richard O. Zerbe

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Scott Farrow and W. Kip Viscusi

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Edited by Scott O. Farrow and Richard Zerbe, Jr.

Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.