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Main Title Cost-benefit analysis /
Other Authors
Author Title of a Work
Layard, P. R. G.
Glaister, Stephen.
Publisher Cambridge University Press,
Year Published 1994
OCLC Number 28928620
ISBN 0521461286; 9780521461283; 0521466741; 9780521466745
Subjects Cost effectiveness ; Analyse coãut-bénéfice ; Kosten-batenanalyse ; Kosten-Nutzen-Analyse--(DE-588)4032589-1 ; Coãut-efficacité--Cas, âEtudes de ; Marchš ; Prix ; Analyse de la valeur ; Aufsatzsammlung
Internet Access
Description Access URL
Table of contents
Table of contents
Table of contents
Publisher description
Library Call Number Additional Info Location Last
ESAM  HD47.4.C668 1994 Region 10 Library/Seattle,WA 02/15/1997
Edition 2nd ed.
Collation x, 497 p. : ill. ; 26 cm.
Includes bibliographical references and index.
Contents Notes
1. Shadow prices and markets: Policy reform, shadow prices and market prices / J. Dreze and N. Stern -- 2. Shadow prices and markets: Feasibility constraints: foreign exchange and shadow wages / A.K. Sen -- 3. Discount rates: The rate of discount for benefit-cost analysis and the theory of the second best / J.E. Stiglitz -- 4. Risk and uncertainty: Uncertainty and the evaluation of public investment decisions / K.J. Arrow and R.C. Lind -- 5. Income distribution: Allowing for income distribution / R. Layard and A.A. Walters -- 6. The costs and benefits of analysis: Project appraisal and planning twenty years on / I.M.D. Little and J.A. Mirrlees -- 7. Time savings: Research into the value of time / The MVA Consultancy et al -- 8. Safety and the saving of life: The theory of equalizing differences / S. Rosen -- 9. Safety and the saving of life: The economics of safety and physical risk / M.W. Jones-Lee. Should Chicago build a new airport, or India build a new steel mill? 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 mail 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 cover 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, including shadow pricing, discount rates, and problems of risk, uncertainty, and income distribution. Part II considers the problem of how to ascribe a monetary value to things like safety and physical risk, time, and environmental damages. The third part covers six separate case studies. Actual examples drawn, amongst others, from transport pricing, the allocation of health care, and water vending in developing countries are described.