Cost Benefit Analysis Concepts and Practice

Summary: A textbook that is conceptually sound, practically oriented, and easily accessible to both students and practitioners, COST-BENEFIT ANALYSIS has numerous up-to-date illustrations and examples that show how the theories and techniques of CBA are applied to real-world situations. The Second Edition continues to emphasize clear discussion over mathematics, and application over abstract theory. New: a chapter on applying... cost-benefit analysis in developing countries has been added. New: the chapter on social discount rate has been completely rewritten. Many chapters have been revised and reorganized to make the presentation clearer and more effective. New: material on obtaining shadow prices from secondary sources and expanded discussion of the value of information. Provides a practical orientation and introduction to cost-benefit analysis through problem solving. [read more]