For undergraduate economics majors and graduate professional programs in public policy, business, public administration, etc., or as a supplement to courses in public finance, public-sector economics, policy analysis and public-sector decision making.
This text uses numerous up-to-date illustrations and examples to show students how theories and techniques are applied to real world situations. Students are provided with a practical orientation and introduction to cost-benefit analysis through problem solving.
A textbook that is conceptually sound, practically oriented, and easily accessible to both students and practitioners, COST-BENEFIT ANALYSIS has numerous up-to-date illustrations and examples that show how the theories and techniques of CBA are applied to real-world situations. The Second Edition continues to emphasize clear discussion over mathematics, and application over abstract theory.
- New: a chapter on applying cost-benefit analysis in developing countries has been added.
- New: the chapter on social discount rate has been completely rewritten.
- Many chapters have been revised and reorganized to make the presentation clearer and more effective.
- New: material on obtaining shadow prices from secondary sources and expanded discussion of the value of information.
- Provides a practical orientation and introduction to cost-benefit analysis through problem solving.