Gines de Rus incorporates the latest thinking on issues such as the treatment of risk and uncertainty, and the importance of institutional arrangements in ensuring the correct use of the technique. These issues are blended seamlessly into the relevant case studies, rather than treated as optional extras, as in some texts. The case studies themselves are at the centre of current debate and controversy, including the need for high-speed rail lines and the case for the privatisation of water supply.
Introduction to Cost-Benefit Analysis is intended as a graduate and advanced undergraduate textbook. Nevertheless, economists and other practitioners involved in the economic evaluation of projects will also find the book extremely useful.
Gines de Rus, Professor of Cost-Benefit Analysis, University of Las Palmas de G.C. and the University Carlos III de Madrid, Spain
Contents: Foreword by C.A. Nash Preface 1. Introduction 2. The Economic Evaluation of Social Benefits 3. The Economic Evaluation of Indirect Effects 4. Opportunity Costs, Market and Shadow Prices 5. Economic Valuation of Non-marketed Goods (I) 6. Economic Valuation of Non-marketed Goods (II) 7. Discounting and Decision Criteria (I) 8. Discounting and Decision Criteria (II) 9. Uncertainty and Risk Analysis 10. Applications 11. Microeconomic Foundations of Cost-benefit Analysis References Index