Economic Evaluation in an Age of Uncertainty

Evaluation

Volumn 12, Issue 1, 2006, Pages 77-94

  Pennisi, Giuseppe ^a   Scandizzo, Pasquale L ^b  

^a Advanced School of Public Administration   (Italy)

^b UNIVERSITY OF ROME TOR VERGATA   (Italy)

Author keywords

cost benefit analysis; evaluation; real options; stakeholders; uncertainty

Indexed keywords

EID: 33747074359     PISSN: 13563890     EISSN: None     Source Type: Journal    
DOI: 10.1177/1356389006064174     Document Type: Article

References (71)

1. Ackerman, B. and A. Alstott (1999) The Stakeholder Society. New Haven, CT: Yale University Press.
2. Alkin, M. C. and F. S. Ellet Jr (1990) ‘Development of Evaluation Models’, in H. J. Walberg and G. D. Heartel (eds) The International Encyclopedia of Educational Evaluation, pp. 15–21. New York: Pergamon Press.
3. Amran, M. and N. Kulatilaka (1999) Real Options. Boston, MA: Harvard Business School Press.
4. Balassa, B. (1977a) ‘The “Effects Method” of Project Evaluation Once Again’, Oxford Bulletin of Economics and Statistics 39(4): 345–353.
5. Balassa, B. (1977b) ‘MÈthodologie de la recherche en Afrique de l'Ouest’. Unpublished typescript for the Banque Internationale pour la Reconstruction et le DÈveloppement, Washington, DC.
6. Baruch, Lev (2001) Intangibles: Management, Measuring, Reporting. Washington, DC: Brookings Institution Press.
7. Basu, K. (2003) ‘Globalization and the Politics of International Finance: The Stiglitz Verdict’, Journal of Economic Literature 41(3): 885–899.
8. Belli, P., J. R. Anderson, H. N. Barnum, J. A. Dixon and J. P. Tan (2001) Economic Analysis of Investment Operations: Analytical Tools and Practical Applications. Washington, DC: World Bank Institute Development Studies.
9. Bezzi, C. (2003) Il disegno della ricerca valutativa, rev. edn. Milan: Franco Angeli.
10. Bussman, W. (1996) ‘Democracy and Evaluation's Contribution to Negotiation, Empowerment and Information: Some Findings from Swiss Democratic Experience’, Evaluation 2(3): 307–320.
11. Chervel, M. (1995) L'Èvaluation Èconomique des projets: Calculs Èconomiques publics et planification. Paris: Publisud.
12. Coase, R. H. (1988) The Firm, the Market and the Law. Chicago, IL: University of Chicago Press.
13. Dasgupta, P. S. (2001) Human Well Being and the Natural Environment. New Delhi: Oxford University Press.
14. Dasgupta, P. S., S. Marglin and A. Sen (1972) Guidelines of Project Evaluation. Vienna: UNIDO.
15. Dixit, A. K. and R. S. Pindyck (1994) Investment under Uncertainty. Princeton, NJ: Princeton University Press.
16. Eisner, E. W. (1985) The Art of Educational Evaluation: A Personal View. London: Falcon Press.
17. European Commission (1999) Evaluating Socio-Economic Programmes. MEANS Collection. Luxembourg: Office for Official Publications of the European Communities.
18. Fetterman, D. M., S. J. Kaftarian and A. Wandersman, eds (1996) Empowerment Evaluation: Knowledge and Tools for Self Assessment and Accountability. Thousand Oaks, CA: SAGE.
19. Greene, J. C. and V. J. Caracelli, eds (1997) Advances in Mixed-Method Evaluation: The Challenge and Benefits of Integrating Diverse Paradigms. New Directions for Program Evaluation 74. San Francisco, CA: Jossey-Bass.
20. Hirschman, A. (1967) Development Projects Observed. Washington, DC: The Brookings Institution.
21. Hirschman, A. (1972) Exit, Voice and Loyalty. Cambridge, MA: Cambridge University Press.
22. Hirschman, A. (1982) ‘Rival Interpretations of Market Society: Civilizing, Destructive or Feeble?’, Journal of Economic Literature 20(4): 1463–1484.
23. Hodder, J. (1986) ‘Evaluation of Manufacturing Investments: A Comparison of US and Japanese Practices’, Financial Management 15(1): 17–24.
24. Knudsen, O. K. and P. L. Scandizzo (2003) ‘Evaluating Public Policies and Projects under Uncertainty through the Application of Real Options: A Research Proposal’, unpublished typescript for the World Bank.
25. Knudsen, O. K. and P. L. Scandizzo (2004) ‘Evaluating Public Policies and Projects under Uncertainty through the Application of Real Options: Mid Term Research Report’, unpublished typescript for the World Bank.
26. Knudsen, O. and P. L. Scandizzo (2005a) ‘Bringing Social Standards in Project Evaluation under Dynamic Uncertainty’, Risk Analysis 25(2): 457–466.
27. Knudsen, O. K. and P. L. Scandizzo (2005b) The Artful Face of Uncertainty: How to Manage Opportunities and Threats. ESD Research Working Paper. Washington, DC: World Bank.
28. Koopmans, T. C. (1957) Three Essays on the State of Economic Science. New York: McGraw-Hill.
29. Kulatilaka, N. (1993) ‘The Value of Flexibility: The Case of Dual Fuel-Industrial Boiler’, Financial Management 22(3): 271–279.
30. Little, I. M. D. and J. Mirrlees (1974) Project Appraisal and Planning for Developing Countries. London: Heinemann.
31. Mason, S. P. and R. C. Merton (1985) ‘The Role of Contingent Claims Analysis’, in E. Altman and M. Subrahmanyan (eds) Recent Advances in Corporate Finance, pp. 7–54. Homewood, IL: Richard Irwing.
32. Meade, J. E. (1964) Efficiency, Equality and the Ownership of Property. London: George Allen & Unwin.
33. Meade, J. E. (1973) The Theory of Externalities. Geneva: Institut Universitaire des Hautes Etudes Internationales.
34. Merton, R. C. (1973) ‘The Relationship between Put and Call Prices: Comment’, Journal of Finance 28: 183–184.
35. Mirrlees, J. A. (1969) ‘The Evaluation of National Income in an Imperfect Economy’, Pakistan Development Review 9: 11–13.
36. Mirrlees, J. A. (1971) ‘An Exploration in the Theory of Optimal Income Taxation’, Review of Economic Studies 38 (April): 175–208.
37. Myers, S. (1977) ‘Determinants of Corporate Borrowing’, Journal of Financial Economics 5(2): 147–175.
38. Organization for Economic Co-operation and Development (1972) Manual of Industrial Projects Analysis in Developing Countries. Paris: OECD.
39. Organization for Economic Co-operation and Development (1997) Promouvoir l'utilisation de l'Èvaluation de programme. Paris: OECD.
40. Owen, J. M. (1998) ‘Towards a Theory of Negotiations in Evaluation’, Evaluation News and Comment 7(2): 32–35.
41. Palumbo, M. (2001) Il processo di valutazione. Milan: Franco Angeli.
42. Pennisi, G. (1999) ‘Il manuale degli investimenti pubblici quindici anni dopo’, in R. Camagni and V. Fazio (eds) Politiche locali, infrastrutture per lo sviluppo e processi d'integrazione euro-mediterranea,pp. 245–260. Milan: Franco Angeli.
43. Pennisi, G. and P. L. Scandizzo (2003) Valutare l'incertezza: L'analisi costi benefici nel 21simo secolo. Turin: Giappichelli.
44. Pennisi, G. and P. L. Scandizzo (2004) ‘La transizione alla televisione digitale terrestre (DVB-T) in Italia’, unpublished typescript for Fondazione Ugo Bordoni, Rome.
45. Pennisi, G. and G. Scanni (1991) Debito, crisi e sviluppo. Venice: Marsilio.
46. Picciotto, R. (1994) ‘Visibility and Disappointment: The New Role of Development Evaluation’, in Lloyd Rodwin and Donald A Schn (eds) Rethinking the Development Experience, pp. 7–21. Washington, DC: The Brookings Institution.
47. Picciotto, R. (1999) ‘Towards an Economics of Evaluation’, Evaluation 5(1): 7–22.
48. Pouliquen, L. (1970) Risk Analysis in Project Appraisal. Baltimore, MD: Johns Hopkins University Press.
49. Rowlands, J. (1995) ‘How do we Know it is Working? The Evaluation of Social Development Projects’, in F. Rubin, A Basic Guide to Evaluation for Development Workers. Oxford: Oxfam.
50. Sandler, T. (2004) Global Collective Action. New York: Cambridge University Press.
51. Schwartz, B. (2004) The Paradox of Choice: Why More is Less. New York: Harper Collins Pub.
52. Scriven, M. (1991) Evaluation Thesaurus. Newbury Park, CA: SAGE.
53. Sen, A. (1997a) Choice, Welfare and Measurement. Cambridge, MA: Harvard University Press.
54. Sen, A. (1997b) Resources, Value and Development. Cambridge, MA: Harvard University Press.
55. Sen, A. (2000) ‘The Discipline of Cost-Benefit Analysis’, Journal of Legal Studies 29(2): 931–952.
56. Squire, L. and H. van der Tak (1975) Economic Analysis of Projects. Baltimore, MD: Johns Hopkins University Press.
57. Stake, R. E. (1995) The Art of Case Studies Research. London: SAGE.
58. Stame, N. (1998) L'esperienza della valutazione. Rome: Seam.
59. Stern, E. (1995) ‘Editorial’, Evaluation 1(1): 5–9.
60. Stout, L. (2004) On the Nature of Corporations. Law-Econ Research Paper, 13. Los Angeles, CA: UCLA School of Law.
61. Tendler, J. (1975) Inside Foreign Aid. Baltimore, MD: Johns Hopkins University Press.
62. Tendler, J. (1992) Progetti ed effetti. Naples: Liguori Editore.
63. Trigeorgis, L. (1993) ‘The Nature of Options Interactions and the Valuation of Investments with Multiple Real Options’, Journal of Financial and Quantitative Analysis 28(1): 20–39.
64. Trochim, W. M. K. (2005) ‘Introduction to Evaluation’, unpublished manuscript available at http://www.socialresearchmethods.net/kb/intreval.htm
65. UNDP (1997) Who are the Question Makers? A Participatory Evaluation Handbook. New York: United Nations.
66. Wallisser, B. (1990) Le calcul Èconomique. Paris: La DÈcouverte.
67. Weiss, C. H. (1998) Evaluation: Methods for Studying Programs and Policies. London: Prentice-Hall.
68. Wholey, J. S. (1992) Professional Evaluation. Newbury Park, CA: SAGE.
69. Williamson, J. (1994) The Political Economy of Policy Reform. Washington, DC: Institute for International Economics.
70. Williamson, O. E. (2000) ‘The New Institutional Economics: Taking Stock, Looking Ahead’, Journal of Economic Literature 38(3): 595–613.
71. Wolf, R. M. (1987) ‘Educational Evaluation: The State of the Field’, International Journal of Educational Research 11(1): 1–143.