Name: Cost-Benefit Analysis By Richard Layard (London School of Economics and Political Science)
SKU: 9780521466745
Price: 24.99 AUD
Availability: InStock

Cost-Benefit Analysis Summary

Cost-Benefit Analysis by Richard Layard (London School of Economics and Political Science)

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.

Cost-Benefit Analysis 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

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.

Additional information

Sku

GOR004021470

ISBN 13

9780521466745

ISBN 10

0521466741

Title

Cost-Benefit Analysis by Richard Layard (London School of Economics and Political Science)

Author

Richard Layard (London School of Economics and Political Science)

Condition

Used - Very Good

Binding type

Paperback

Publisher

Cambridge University Press

Year published

1994-06-30

Number of pages

508

Prizes

N/A

Cover note

Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Cost-Benefit Analysis Richard Layard (London School of Economics and Political Science)

Cost-Benefit Analysis by Richard Layard (London School of Economics and Political Science)

Summary

Cost-Benefit Analysis Summary

Cost-Benefit Analysis by Richard Layard (London School of Economics and Political Science)

Cost-Benefit Analysis Reviews

Table of Contents

Additional information

Customer Reviews - Cost-Benefit Analysis