Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Chapter Cost-Benefit Analysis Concepts and Practice Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer FOURTH EDITION Valuing Benefits and Costs in Secondary Markets Five
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 5-1(a) Primary Market: Market for Fishing Days
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 5-1(b) Secondary Market: Market for Fishing Equipment (No Price Effect)
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 5-2(a) Primary Market: Market for Fishing Days
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 5-2(b) Secondary Market: Market for Golfing Days (Price Effects)
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 5-3 Distorted Secondary Market: Market for Fishing Equipment (No Price Effect)
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 5-4 Market for (a) Beef (b) Chicken
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Table 5-1 (continued) Rules for Measuring Social Benefits and Costs of Government Interventions
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer
Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer EXHIBIT 5-2 (continued)