Introduction -- Efficiency norm: pareto optimality -- Economic efficiency and the market mechanism -- Economic efficiency and public goods -- Economic efficiency in the presence of externalities -- Collective decision making -- Principles of cost-benefit analysis -- Allocational effects of...

"Now in its second edition, Cost-Benefit Analysis has been updated throughout, offering readers the perfect introduction to project, program and policy appraisal using basic tools of financial and economic analysis. The key economic questions of any social cost-benefit analysis are: do the...