Applied Cost-Benefit Analysis
This major text presents students with a unified statement of the principles of cost-benefit analysis.
Applied Cost-Benefit Analysis emphasizes the usefulness of the theory of CBA as a practical guide to social decision-making. Robert J. Brent offers a synthesis and extension of welfare economics before showing how the basic tenets of CBA can be successfully applied in a series of case studies. Each of these studies relates to an important and concrete public policy issue analysed using real data. The discussion of these specific applications shows the relevance of the theory in a wide range of different institutional structures, government expenditure categories in both developed and developing countries.
Integrating theory with practice, this text provides a unified statement of the basic principles of CBA viewed as applied welfare economics where each theoretical concept has an application that relates to practical policy problems. Combining a strong theoretical base with real world applications, Applied Cost-Benefit Analysis will be welcomed by upper level undergraduate economists as well as professionals working in transport, the environment and health care.
New & Used
Out of Stock
What Reviewers Are Saying
`The author succeeds in bringing together many interesting real-life applications of CBA in various areas (including among others health, environment and transportation). The examples are well chosen to illustrate the basic issues and show clearly the crucial importance of theoretical and methodological assumptions. Moreover, they are presented in an accessible and attractive way. For those who know already the principles of CBA, these applications are stimulating and enjoyable reading.' -- Erik Schokkaert, Tijdschrift voor Economie en Management `An excellent book. The author assumes nothing more than a knowledge of introductory microeconomics yet takes the reader in an accessible way, to the frontiers of many developments in this area of policy analysis. I am sure that it will be widely adopted as a text on a wide range of courses.' -- Richard R. Barnett, University of Ulster, UK