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Cost-Benefit Analysis

Concepts and Practice

Anthony E. Boardman, University of British Columbia, Vancouver, David H. Greenberg, University of Maryland, Baltimore County, Aidan R. Vining, Simon Fraser University, British Columbia, David L. Weimer, University of Wisconsin, Madison


Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of…

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Key features

  • Written in a highly readable and user-friendly style to provide a comprehensive take on cost-benefit analysis
  • Spreadsheet exercises will allow students to work with numbers and assumptions so instructors can increase the level and range of the problems assigned
  • Case studies and exhibits throughout the text show actual applications of cost-benefit analysis

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