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  1. Home
  2. Books
  3. Cost-Benefit Analysis
  • Cited by 166
  • 2nd edition
  • Edited by Richard Layard, London School of Economics and Political Science, Stephen Glaister, London School of Economics and Political Science
Publisher:
Cambridge University Press
Online publication date:
November 2009
Print publication year:
1994
Online ISBN:
9780511521942
DOI:
https://doi.org/10.1017/CBO9780511521942
Subjects:
Economics, Microeconomics
Information

Book 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.

Reviews

‘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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