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Preface. Part I. Overview:
1. Introduction to cost-benefit analysis
2. Conceptual foundations of cost-benefit analysis
Part II. Fundamentals of CBA:
3. Microeconomic foundations of cost-benefit analysis
4. Valuing benefits and costs in primary markets
5. Valuing benefits and costs in secondary markets
6. Discounting benefits and costs in future time periods
7. Dealing with uncertainty: expected values, sensitivity analysis, and the value of information
8. Option price and option value
9. Existence value
10. The social discount rate 1
11. Predicting and monetizing impacts
Part III. Valuation of Impacts:
12. Valuing impacts from observed behavior: experiments and quasi-experiments
13. Valuing impacts from observed behavior: direct estimation of demand curves
14. Valuing impacts from observed behavior: indirect market methods
15. Contingent valuation: using surveys to elicit information about costs and benefits
16. Shadow prices from secondary sources
17. Shadow prices: applications to developing countries 1
Part IV. Related Methods:
18. Cost-effective analysis
19. Distributionally weighted cost-benefit analysis
20. How accurate is CBA?
Name index
Subject index.

Preface xiii

PART 1: Overview
Chapter 1 Introduction to Cost-Benefit Analysis
Chapter 2 Conceptual Foundations of Cost-Benefit Analysis

PART 2: Fundamentals of CBA
Chapter 3 Economics Foundations of Cost-Benefit Analysis
Chapter 4 Valuing Benefits and Costs in Primary Markets
Chapter 5 Valuing Benefits and Costs in Secondary Markets
Chapter 6 Discounting Benefits and Costs in Future Time Periods
Chapter 7 Dealing with Uncertainty: Expected Values, Sensitivity analysis, and the Value of Information
Chapter 8 Option Price and Option Value
Chapter 9 Existence Value
Chapter 10 The Social Discount Rate
Chapter 11 Predicting and Monetizing Impacts

PART 3: Valuation of Impacts
Chapter 12 Valuing Impacts From Obseved Behavior: Experiments and Quasi-Experiments
Chapter 13 Valuing Impacts from Obseved Behavior: Direct Estimation of Demand Curves
Chapter 14 Valuing Impacts from Observed Behavior: Indirect Market Methods
Chapter 15 Contingent Valuations: Using Surveys to Elicit Information About Costs and Benefits
Chapter 16 Shadow Prices from Secondary Sources
Chapter 17 Shadow Prices: Applications to Developing Counties

PART 4: Related Methods
Chapter 18 Cost-Effectiveness Analysis
Chapter 19 Distributionally Weighted Cost-Benefit Analysis
Chapter 20 How Accurate is CBA?

Name Index
Subject Index

The fourth edition of Cost-Benefit Analysis is an authoritative, market-leading textbook that provides a practical introduction to cost-benefit analysis through problem solving. The text uses a consistent application of a nine-step framework for interpreting a cost-benefit analysis. This edition has been fully revised, updated and re-organized to provide the material more effectively. It presents application over abstract theory and clear discussion over mathematics to appeal to a larger, more diverse audience.