Cost-Benefit Analysis
2nd Edition
Published on 30. June 1994
Book
Hardback
507 pages
978-0-521-46128-3 (ISBN)
Description
Should India build a new steel mill, or London an urban motorway? Should higher education expand, or water supplies be improved? These are typical questions about which cost-benefit analysis has something to say. It is the main tool that economics provides for analysing problems of social choice. It also provides a useful vehicle for understanding the practical value of welfare economics. This new book of readings covers all the main problems that arise in a typical cost-benefit exercise. It is entirely up-to-date, reflecting the most recent research in the area. Part I covers the main theoretical issues affecting cost-benefit analysis. Part II considers the problem of ascribing a monetary value to things. The third part covers six separate case studies drawn from real-life examples. The book begins with an extended elementary introduction written by the editors.
Reviews / Votes
'The introduction is an excellent review of the basic principles of cost benefit analysis, and the readings are definitive. An excellent basis for a course.' Geoffrey Heal, Columbia UniversityMore details
Edition
2nd Revised edition
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Professional and scholarly
Edition type
Revised edition
Illustrations
49 Line drawings, unspecified
Dimensions
Height: 255 mm
Width: 179 mm
Thickness: 30 mm
Weight
1187 gr
ISBN-13
978-0-521-46128-3 (9780521461283)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Richard Layard | Stephen Glaister
Cost-Benefit Analysis
Book
06/1994
2nd Edition
Cambridge University Press
€59.10
Shipment within 15-20 days
Additional editions
Richard Layard | Stephen Glaister
Cost-Benefit Analysis
Book
06/1994
2nd Edition
Cambridge University Press
€59.10
Shipment within 15-20 days
Persons
Content
Part I. Introduction; Part II. Theoretical Issues: 1. Policy reform, shadow prices and market prices J. Dreze and N. Stern; 2. Feasibility constraints: foreign exchange shadow wages A. K. Sen; 3. The rate of discount for cost benefit analysis and the theory of the second best J. E. Stiglitz; 4. Uncertainty and the evaluation of public investment decisions K. J. Arrow and R. C. Lind; 5. Allowing for income distributions R. Layard and A. A. Walters; 6. Project appraisal and planning twenty years on I. M. D. Little and J. A. Mirrlees; Part III. How to Value Things: 7. Research into the value of time The MVA Consultancy et al.; 8. The theory of equalising differences S. Rosen; 9. The economics of safety and physical risk M. W. Jones-Lee; 10. The environment and emerging development issues P. Dasgupta and K. Maler; 11. Resource depletion, research and development, and the social rate of discount P. Dasgupta; Part IV. Case Studies: 12. Enhancing the performance of the deregulated air transportation system S. A. Morrison and C. Winston; 13. Pricing and congestion: economic principles relevant to pricing roads D. Newbery; 14. The allocation of urban transport subsidy S. Glaister; 15. QUALYs and equity-efficiency tradeoff A. Wagstaff; 16. Water vending activities in developing countries D. Whittington, D. T. Lauria, D. A. Okun and X. Mu; 17. Assessing the social rate of return from investment in temperate zone forestry D. W. Pearce.