Cost-benefit analysis

Introduction

Part One
General Surveys

1. A. R. Prest and R. Turvey (1965)
The Main Questions

2. R. A. Musgrave (1969)
Cost-Benefit Analysis and the Theory of Public Finance

Part Two
Measuring Costs and Benefits When They Occur

3. R. N. McKean (1968)
The Use of Shadow Prices

4. A. K. Sen (1972)
Feasibility Constraints: Foreign Exchange Shadow Wages

5. I. M. D. Little and J. A. Mirlees (1969)
The Use of World Prices

6. A. J. Harrison and D. A. Quarmby (1969)
The Value of Time

7. N. W. Mansfield (1971)
The Value of Recreational Facilities

8. E. J. Mishan (1971)
The Value of Life

Part Three
The Social Time Preference Rate and the Social Opportunity Cost of Capital

9. M. S. Feldstein (1964)
The Social Time Preference Rate

10. A. K. Sen (1967)
The Social Time Preference Rate in Relation to the Market Rate of Interest

11. S. A. Marglin (1963)
The Opportunity Cost of Public Investment

12. A. C. Harberger (1969)
The Opportunity Costs of Public Investment Financed by Borrowing

13. M. S. Feldstein (1973)
The Inadequacy of Weighted Discount Rates

Part Four
The Treatment of Risk

14. K. J. Arrow and R. C. Lind (1970)
Uncertainty and the Evaluation of Public Investment Decisions

15. R. Dorfman (1962)
Decision Rules under Uncertainty

Part Five
The Treatment of Income Distribution

16. B. A. Weisbrod (1968)
Deriving an Implicit Set of Governmental Weights for Income Classes

Part Six
The Case of the Third London Airport

17. A. D. J. Flowerdew (1972)
Choosing a Site for the Third London Airport: The Roskill Commission`s Approach

18. E. J. Mishan (1970)
What is Wrong with Roskill?

Ecercises

Further Reading

Acknowledgements

Author Index

Subject Index