Cost-benefit analysis / edited by Richard Layard and Stephen Glaister.
Contributor(s): Layard, Richard | Glaister, Stephen.
Material type: BookPublisher: Cambridge [England]. New York, NY, USA : Cambridge University Press, 1994Edition: 2nd ed.Description: x, 497 p. : ill ; 26 cm. + hbk.ISBN: 0521461286 ; 0521466741 .Subject(s): Cost effectivenessDDC classification: 658.1552Item type | Current library | Call number | Copy number | Status | Date due | Barcode | Item holds |
---|---|---|---|---|---|---|---|
General Lending | MTU Bishopstown Library Lending | 658.1552 (Browse shelf(Opens below)) | 1 | Available | 00074583 |
Enhanced descriptions from Syndetics:
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.
Includes bibliographical references and index.
Part I: Theoretical issues -- Shadow prices and markets: Policy reform, shadow prices and market prices / J. Dreze and N. Stern -- Shadow prices and markets: Feasibility constraints: foreign exchange and shadow wages / A. K. Sen -- Discount rates: The rate of discount for benefit-cost analysis and the theory of the second best / J. E. Stiglitz -- Risk and uncertainty: Uncertainty and the evaluation of public investment decisions / K. J. Arrow and R. C. Lind -- Income distribution: Allowing for income distribution / R. Layard and A. A. Walters -- The costs and benefits of analysis: Project appraisal and planning twenty years on / I.M.D. Little and J. A. Mirrlees -- Part II: How to value things -- Time savings: Research into the value of time / The MVA Consultancy et al. -- Safety and the saving of life: The theory of equalizing differences / S. Rosen -- Safety and the saving of life: The economics of safety and physical risk / M. W. Jones-Lee -- The environment: The environment and emerging development issues / P. Dasgupta and K. -G. Maler -- Exhaustible resources: Resource depletion, research and development and the social rate of discount / P. Dasgupta -- Part III: Case studies -- Regulation and deregulation: Enhancing the performance of the deregulated air transportation system / S. A. Morrison and C. Winston -- Pricing: Pricing and congestion: economic principles relevant to pricing roads / D. M. Newbery -- Public transport: the allocation of urban public transport subsidy / S. Glaister -- Health care: QALYs and the equity-efficiency tradeoff / A. Wagstaff -- Infrastructure: Water vending activities in developing countries / D. Whittington, D. T. Lauria, D. A. Okun and X. Mu -- The environment: Assessing the social rate of return from investment in temperate zone forestry / D. W. Pearce.
Table of contents provided by Syndetics
- Part I Introduction
- Part II Theoretical Issues
- 1 Policy reform, shadow prices and market prices
- 2 Feasibility constraints: foreign exchange shadow
- 3 The rate of discount for cost benefit analysis and the theory of the second best
- 4 Uncertainty and the evaluation of public investment decisions
- 5 Allowing for income distributions
- 6 Project appraisal and planning twenty years on
- Part III How to Value Things
- 7 Research into the value of time The MVA Consultancy et al
- 8 The theory of equalising differences
- 9 The economics of safety and physical risk
- 10 The environment and emerging development issues
- 11 Resource depletion, research and development, and the social rate of discount
- Part IV Case Studies
- 12 Enhancing the performance of the deregulated air transportation system
- 13 Pricing and congestion: economic principles relevant to pricing roads
- 14 The allocation of urban transport subsidy
- 15 Qualys and equity-efficiency tradeoff
- 16 Water vending activities in developing countries
- 17 Assessing the social rate of return from investment in temperate zone forestry