Cost-Benefit Analysis, 4th Edition

A practical introduction to cost-benefit analysis through problem solving.

This authoritative, market-leading text is known for its consistent application of a nine-step framework for conducting or interpreting a cost-benefit analysis.

This edition includes a number of chapters that have been revised and reorganized to make the material clearer and more accessible.

Table of Contents

PART I: OVERVIEW
CHAPTER 1 Introduction to Cost-Benefit Analysis
CHAPTER 2 Conceptual Foundations of Cost-Benefit Analysis

PART II: FUNDAMENTALS OF CBA
CHAPTER 3 Microeconomic Foundations of Cost-Benefit Analysis
CHAPTER 4 Valuing Benefits and Costs in Primary Markets
CHAPTER 5 Valuing Benefits and Costs in Secondary Markets
CHAPTER 6 Discounting Benefits and Costs in Future Time Periods
CHAPTER 7 Dealing with Uncertainty: Expected Values, Sensitivity Analysis, and the Value of Information
CHAPTER 8 Option Price and Option Value
CHAPTER 9 Existence Value
CHAPTER 10 The Social Discount Rate
CHAPTER 11 Predicting and Monetizing Impacts

PART III: VALUATION OF IMPACTS
CHAPTER 12 Valuing Impacts from Observed Behavior: Experiments and Quasi Experiments
CHAPTER 13 Valuing Impacts from Observed Behavior: Direct Estimation of Demand Curves
CHAPTER 14 Valuing Impacts from Observed Behavior: Indirect Market Methods
CHAPTER 15 Contingent Valuation: Using Surveys to Elicit Information about Costs and Benefits
CHAPTER 16 Shadow Prices from Secondary Sources
CHAPTER 17 Shadow Prices: Applications to Developing Countries

PART IV: RELATED METHODS
CHAPTER 18 Cost-Effectiveness Analysis
CHAPTER 19 Distributionally Weighted Cost-Benefit Analysis
CHAPTER 20 How Accurate is CBA?