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Cost-benefit analysis

Author: Richard Layard; Stephen Glaister
Publisher: Cambridge : Cambridge University Press, 2005
Edition/Format:   Print book : English : 2. ed., reprintedView all editions and formats
Summary:

This fully revised second edition covers all the main problems that arise in a typical cost-benefit exercise.

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Document Type: Book
All Authors / Contributors: Richard Layard; Stephen Glaister
ISBN: 9780521466745 0521466741 9780521461283 0521461286
OCLC Number: 476664956
Description: x, 497 s
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.
Responsibility: edited by Richard Layard and Stephen Glaister

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'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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