ABSTRACT
This book, which was first published in 1972, is not a collection of case-studies in cost-benefit analysis, of which there had been already several in use employing techniques of varying degrees of sophistication. Nor is it a manual of instruction with particular orientation for less developed counties, such as those produced under the auspices of the U.N. and the O.E.C.D. What this volume does attempt is to introduce the student of economics to the logic and the concepts used in cost-benefit analysis.
TABLE OF CONTENTS
part |14 pages
Introductory
chapter |3 pages
Why Cost-Benefit Analysis?
chapter |4 pages
The Pareto Basis of Cost-Benefit Calculations
chapter |3 pages
Consistency in Evaluation
chapter |4 pages
The Question of Equity
part |60 pages
Economic Concepts of Costs and Benefits
chapter |7 pages
Chapter Measuring Consumers' Surplus
chapter |5 pages
Adding and Subtracting Consumers' Surpluses
chapter |9 pages
Measuring Consumers' Surpluses when other things are not Equal
chapter |7 pages
Measuring Rents
chapter |7 pages
The Economic Cost of Unemployed Factors
chapter |6 pages
Transfer Payments
chapter |3 pages
Double Counting
chapter |7 pages
Shadow Prices
chapter |3 pages
Shadow Prices (continued)
chapter |6 pages
Some Limitations of Partial Analysis
part |27 pages
External Effects
chapter |6 pages
What are External Effects?
chapter |5 pages
Internalizing External Effects
chapter |5 pages
Evaluating External Effects
chapter |4 pages
Evaluating Accidents and Death
chapter |4 pages
Evaluating Accidents and Death (continued)
chapter |3 pages
In Conclusion
part |29 pages
Investment Criteria
chapter |6 pages
Introduction
chapter |7 pages
Discounted Present Value and Internal Rate of Returns
chapter |3 pages
Investment Criteria in a Pefect Economy
chapter |6 pages
Discounted Present Value versus Internal Rate of Return
chapter |2 pages
Excess Benefit or Benefit-Cost Ratio?
chapter |5 pages
What Should the Rate of Discount Be?
part |7 pages
Uncertainty