Numerous up-to-date illustrations and examples show students
how theories and techniques are applied to real-world situations. Provides
a practical orientation and introduction to cost-benefit analysis
through problem solving.
illustrates concepts and methods through real-world examples
and case studies for practical applications of technique.
provides updated advances in technique. problems and exercises help insure comprehension.
extensive use of appendices to present essential materials
of the book.
bibliography of numerous references for further exploration
of subject matter.
(NOTE: Each chapter (except Ch. 15) ends with exercises
1. Introduction to Cost-Benefit Analysis.
2. Conceptual Foundations of Cost-Benefit Analysis
3. Valuing Benefits and Costs When Demand and Supply Curves
4. Benefits and Costs in Different Time Periods: The Mechanics
5. The Social Discount Rate.
6. Dealing With Uncertainty: Expected Value and Sensitivity
7. Option Price, Option Value, and Quasi-Option Value.
8. Existance Value.
9. Estimating Impacts From Demonstrations.
10. Estimating and Valuing Impacts from Observed Behavior.
11. Contingent Valuation: Using Surveys to Elicit Information
About Costs and Benefits.
12. Shadow Prices from Secondary Sources.
13. Cost-Effectiveness Analysis and Cost-Utility Analysis.
14. Distributionally Weighted Cost-Benefit Analysis.
15. How Accurate is CBA?
A Selected Cost-Benefit Analysis Bibliography.