Benefit Cost Analysis in Theory and Practice

Introduction to benefit cost analysis; rationale for benefit cost analysis; aggregation of benefits and cost over time; introduction to financial calculations; measures of welfare loss for an individual; the measurement of aggregate welfare changes; calculation of costs and benefits in partial equilibrium; applications of cost-benefit analysis to regulatory issues; making financial decisions; case study of options for sludge disposal; accounting for the distribution of benefits and costs; the ethical foundations of benefit cost analysis; the interest rate for public investment decisions; case study of the High Ross Dam; an introduction to risk; the incorporation of risk into benefit cost analysis; techniques for analysis under uncertainty; introduction to non-marketed; the cost of life; the valuation of health risks in Bonmneville Power's weatherization programme; benefit cost analysis in general equilibrium; government uses of benefit cost analysis; the case of the Snail Darter and the Tellico Dam.