This fully revised textbook covers all the main problems that arise in a typical cost-benefit exercise, reflecting the most recent research in the area. It covers the main theoretical issues and provides an extended elementary introduction.

This new book of readings covers all the main problems that arise in a typical cost-benefit exercise. It is entirely up-to-date, reflecting the most recent research in the area. The book begins with an extended elementary introduction written by the editors. It provides an introduction both to the subject and to the readings themselves, showing how cost-benefit analysis might be applied to a specific real-life problem.