Elements of Cost-Benefit Analysis (Routledge Revivals): 1st Edition (Paperback) book cover

Elements of Cost-Benefit Analysis (Routledge Revivals)

1st Edition

By E. J. Mishan


152 pages

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This book, which was first published in 1972, is not a collection of case-studies in cost-benefit analysis, of which there had been already several in use employing techniques of varying degrees of sophistication. Nor is it a manual of instruction with particular orientation for less developed counties, such as those produced under the auspices of the U.N. and the O.E.C.D. What this volume does attempt is to introduce the student of economics to the logic and the concepts used in cost-benefit analysis.

Table of Contents

Preface; Part 1: Introductory; 1. Why Cost-Benefit Analysis? 2. The Pareto Basis of Cost-Benefit Calculations 3. Consistency in Evaluation 4. The Question of Equity; Part 2: Economic Concepts of Costs and Benefits; 5. Measuring Consumers’ Surplus 6. Adding and Subtracting Consumers’ Surpluses 7. Measuring Consumers’ Surpluses When Other Things Are Not Equal 8. Measuring Rents 9. The Economic Cost of Unemployed Factors 10. Transfer Payments 11. Double Counting 12. Shadow Prices 13. Shadow Prices (continued) 14. Some Limitations of Partial Analysis; References and Bibliography; Part 3: External Effects; 15. What Are External Effects? 16. Internalizing External Effects 17. Evaluating External Effects 18. Evaluating Accidents and Death 19. Evaluating Accidents and Death (continued) 20. In Conclusion; References and Bibliography; Part 4: Investment Criteria; 21. Introduction 22. Discounted Present Value and Internal Rates of Return 23. Investment Criteria in a Perfect Economy 24. Discounted Present Value versus Internal Rate of Return 25. Excess Benegfit or Benefit-Cost Ratio? 26. What Should the Rate of Discount Be?; References and Bibliography; Part 5: Uncertainty; 27. Popular Methods of Coping with Uncertainty 28. The Discount Rate Again; References and Bibliography; Index

About the Series

Routledge Revivals

Are there elusive titles that you need and have been trying to source for years but thought that you would never be able to find?

Well this may be the end of your quest – here is a fantastic opportunity for you to discover past brilliance and purchase previously out of print and unavailable titles by some of the world’s most eminent academic scholars.

Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

If you are interested in Revivals in the Behavioral Sciences, please visit https://www.routledge.com/series/PSYREVIVALS

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Decision-Making & Problem Solving
BUSINESS & ECONOMICS / Investments & Securities
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Theory