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Cost-Benefit Analysis: Concepts and Practice, 2/E
Anthony E. Boardman, University of British Columbia
David H. Greenberg, University of Maryland, Baltimore County
Aidan R. Vining, Simon Fraser University
David L. Weimer, University of Wisconsin, Madison

ISBN-10: 0130871788
ISBN-13:  9780130871787

Publisher:  Prentice Hall
Copyright:  2001
Format:  Cloth; 526 pp
Published:  10/26/2000
Status: Out of Print


    New edition available


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Description

For undergraduate economics majors and graduate professional programs in public policy, business, public administration, etc., or as a supplement to courses in public finance, public-sector economics, policy analysis and public-sector decision making.

This text uses numerous up-to-date illustrations and examples to show students how theories and techniques are applied to real world situations. Students are provided with a practical orientation and introduction to cost-benefit analysis through problem solving.


Features

  • NEW - Technical material in separate chapters.

    • Allows instructors flexibility to omit technical material. Ex.___

  • NEW - New chapter on the application of shadow prices to developing countries (Ch. 16)—Explores the special problems of performing cost-benefit analysis in developing countries.

    • Provides students with cross-cultural insight. Ex.___

  • NEW - Greater emphasis on specific problems and issues.

    • Offers students relevant information on performing cost-benefit analysis at the city level; the cost of raising funds; option value and timing of projects; and the cost-effectiveness of pharmaceutical products. Ex.___

  • NEW - Revised topics—Existence value; the social discount rate; valuing impacts from surveys; and shadow prices from secondary sources.

    • Provides students with the most current information. Ex.___

  • NEW - Glossary.

    • Provides students with a convenient study/review resource. Ex.___

  • Applied approach.

    • Shows students how the concepts and methods of cost-benefit analysis can be applied in the real world. Ex.___

  • Problems and exercises—At the end of all chapters.

    • Helps insure students' comprehension of material. Ex.___

  • Side-bar “exhibits”—Demonstrates major points with illustrations drawn from empirical studies.

    • Helps students understand how the concepts are applied in the real world. Ex.___


New To This Edition

  • Technical material in separate chapters.

    • Allows instructors flexibility to omit technical material. Ex.___

  • New chapter on the application of shadow prices to developing countries (Ch. 16)—Explores the special problems of performing cost-benefit analysis in developing countries.

    • Provides students with cross-cultural insight. Ex.___

  • Greater emphasis on specific problems and issues.

    • Offers students relevant information on performing cost-benefit analysis at the city level; the cost of raising funds; option value and timing of projects; and the cost-effectiveness of pharmaceutical products. Ex.___

  • Revised topics—Existence value; the social discount rate; valuing impacts from surveys; and shadow prices from secondary sources.

    • Provides students with the most current information. Ex.___

  • Glossary.

    • Provides students with a convenient study/review resource. Ex.___


Table of Contents

I. OVERVIEW.

 1. Introduction to Cost-Benefit Analysis.

 2. Conceptual Foundations of Cost-Benefit Analysis.

II. FUNDAMENTALS OF CBA.

 3. Basic Microeconomic Foundations of Cost Benefit Analysis.

 4. Valuing Benefits and Costs in Primary Markets.

 5. Valuing Benefits and Costs in Secondary Markets.

 6. Discounting Future Benefits and Costs.

 7. Dealing with Uncertainty: Expected Value, Sensitivity Analysis, and the Value of Information.

 8. Option Price and Option Value.

 9. Existence Value.

10. The Social Discount Rate.

III. VALUATION OF IMPACTS.

11. Valuing Impacts from Observed Behavior: Demonstrations.

12. Valuing Impacts from Observed Behavior: Direct Estimation of Demand Curves.

13. Valuing Impacts from Observed Behavior: Other Revealed Preference Methods.

14. Valuing Impacts through Surveys: Contingent Valuation.

15. Shadow Prices from Secondary Sources.

16. Shadow Prices: Applications to Developing Countries.

IV. RELATED METHODS AND ACCURACY.

17. Cost-Effectiveness Analysis and Cost-Utility Analysis.

18. Distributionally Weighted Cost-Benefit Analysis.

19. How Accurate Is CBA?

A Selected Cost-Benefit Analysis Bibliography.

Name Index.

Subject Index.


Next Edition(s)

  • Cost-Benefit Analysis, 4/E
    Boardman, Greenberg, Vining & Weimer
    ©2011  |  Prentice Hall  |  Paper; 560 pp  |  Instock
    ISBN-10: 0137002696  |  ISBN-13: 9780137002696
    Brief Description  |  More Info



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Reviews

"This book provides the best, balanced coverage of non-market methods, travel costs, contingent valuation, etc., of any book available."—Terri A. Sexton, California State University-Sacramento



"This textbook is the best (CBA textbook) that I could find"—Nachum Sicherman, Columbia University


Backcover Copy

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.

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Websites and Online Courses

Extended Bibliography (web only), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130909394  |  ISBN-13: 9780130909398
More Info

Instructor's Manual (web only), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130930873  |  ISBN-13: 9780130930873
More Info

Solutions Manual (web only), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130930865  |  ISBN-13: 9780130930866
More Info

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Transparency Masters (on web), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Not Yet Published
ISBN-10: 0130478172  |  ISBN-13: 9780130478177
More Info

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Websites and Online Courses

Extended Bibliography (web only), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130909394  |  ISBN-13: 9780130909398
More Info

Instructor's Manual (web only), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130930873  |  ISBN-13: 9780130930873
More Info

Solutions Manual (web only), 2/E
Boardman
©2001  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130930865  |  ISBN-13: 9780130930866
More Info

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