Cost-benefit analysis
Author(s)
Bibliographic Information
Cost-benefit analysis
Cambridge University Press, 1994
2nd ed
- : hdk
- : pbk
Available at 74 libraries
Note
Includes bibliographical references and index
Description and Table of Contents
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.
Table of Contents
- 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.
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