Cost-Benefit Analysis: Concepts and Practice

Book Summary:

This text book provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods.

ISBN’s: 9781108415996,9781108401296

Authors:

Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer