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)