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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.
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"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 UniversityFrom the Back Cover:
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.
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