Bibliograph

Cost-benefit analysis, edited by Richard Layard and Stephen Glaister

Type

Label

Cost-benefit analysis, edited by Richard Layard and Stephen Glaister

Language

eng

Index

index present

Literary Form

non fiction

Main title

Cost-benefit analysis

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1097090751

Responsibility statement

edited by Richard Layard and Stephen Glaister

Series statement

Cambridge Social Sciences eBooks

Summary

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.--, Provided by publisher

Table Of Contents

1. Shadow prices and markets: Policy reform, shadow prices and market prices / J. Dreze and N. Stern -- 2. Shadow prices and markets: Feasibility constraints: foreign exchange and shadow wages / A.K. Sen -- 3. Discount rates: The rate of discount for benefit-cost analysis and the theory of the second best / J.E. Stiglitz -- 4. Risk and uncertainty: Uncertainty and the evaluation of public investment decisions / K.J. Arrow and R.C. Lind -- 5. Income distribution: Allowing for income distribution / R. Layard and A.A. Walters -- 6. The costs and benefits of analysis: Project appraisal and planning twenty years on / I.M.D. Little and J.A. Mirrlees -- 7. Time savings: Research into the value of time / The MVA Consultancy et al -- 8. Safety and the saving of life: The theory of equalizing differences / S. Rosen -- 9. Safety and the saving of life: The economics of safety and physical risk / M.W. Jones-Lee

Contributor

Subject