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Cost-Benefit Analysis

Cost-Benefit Analysis

2nd Edition

$62.99 (C)

J. Drèze, N. Stern, A. K. Sen, J. E. Stiglitz, K. J. Arrow, R. C. Lind, R. Layard, A. A. Walters, I. M. D. Little, J. A. Mirrlees, S. Rosen, M. Jones-Lee, P. Dasgupta, K. Maler, S. A. Morrison, C. Winston, D. Newbery, S. Glaister, A. Wagstaff, D. Whittington, D. T. Lauria, D. A. Okun, X. Mu, D. W. Pearce
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  • Date Published: July 1994
  • availability: Available
  • format: Paperback
  • isbn: 9780521466745

$ 62.99 (C)
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About the Authors
  • This second edition 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 One covers the main theoretical issues affecting cost-benefit analysis. Part Two 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.

    • The second edition of highly successful Penguin paperback which sold over 60,000 copies in 10 years after first publication in 1972
    • Cost-benefit analysis is a vital tool in a variety of areas including development, transport, urban and environmental economics
    • Layard is very well-known as the author of numerous textbooks
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    Reviews & endorsements

    '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 University

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    Product details

    • Edition: 2nd Edition
    • Date Published: July 1994
    • format: Paperback
    • isbn: 9780521466745
    • length: 508 pages
    • dimensions: 243 x 171 x 27 mm
    • weight: 0.79kg
    • contains: 49 b/w illus.
    • availability: Available
  • Table of Contents

    Part I. Introduction
    Part II. Theoretical Issues:
    1. Policy reform, shadow prices and market prices J. Drèze 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.

  • Editors

    Richard Layard, London School of Economics and Political Science

    Stephen Glaister, London School of Economics and Political Science

    Contributors

    J. Drèze, N. Stern, A. K. Sen, J. E. Stiglitz, K. J. Arrow, R. C. Lind, R. Layard, A. A. Walters, I. M. D. Little, J. A. Mirrlees, S. Rosen, M. Jones-Lee, P. Dasgupta, K. Maler, S. A. Morrison, C. Winston, D. Newbery, S. Glaister, A. Wagstaff, D. Whittington, D. T. Lauria, D. A. Okun, X. Mu, D. W. Pearce

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