Cost-benefit analysis / edited by Richard Layard and Stephen Glaister ; J. Drèze, N. Stern, A.K. Sen, J.E. Stiglitz, K.J. Arrow, R.C. Lind, R. Layard, A.A. Walters, I.M.D. Little, J.A. Mirrlees, The MVA Consultancy, S. Rosen, M.W. Jones-Lee, P. Dasgupta, K.G. Mäler, S.A. Morrison, C. Winston, D.M. NewBery, S. Glaister, A. Wagstaff, D. Whittington, D.T. Lauria, D.A. Okun and X. Mu and D.W. Pearce.

Introduction, 1 -- Part I. Theoretical issues -- 1. Shadow prices and markets: policy reform, shadow prices and market prices / J. Dreze and N. Stern, 59 -- 2. Shadow prices and markets: feasibility constraints: foreign exchange and shadow wages / A.K. Sen, 100 -- 3. Discount rates: the rate of discount for benefit-cost analysis and the theory of the second best / J.E. Stiglitz, 116 -- 4. Risk and uncertainty: uncertainty and the evaluation of public investment decisions / K.J. Arrow and R.C. Lind, 160 -- 5. Income distribution: allowing for income distribution / R. Layard and A.A. Walters, 179 -- 6. The costs and benefits of analysis: project appraisal and planning twenty years on / I.M.D. Little and J.A. Mirrlees, 199 -- Part II. How to value things -- 7. Time savings: research into the value of time / The MVA Consul Tancy et al., 235 -- 8. Safety and the saving of life: the theory of equalizing differences / S. Rosen, 272 -- 9. Safety and the saving of life: the economics of safety and physical risk / M.W. Jones-Lee, 290. 10. The environment: the environment and emerging development issues / P. Dasgupta and K.G. Maler, 319. 11. Exhaustible resources: resource depletion, research and development and the social rate of discount / P. Dasgupta, 349 -- Part III. Case studies -- 12. Regulation and deregulation: enhancing the performance of the deregulated air transportation system / S.A. Morrison and C. Winston, 375 -- 13. Pricing: Pricing and congestion: economic principles relevant to pricing roads / D.M. Newbery, 396 -- 14. Public transport: the allocation of urban public transport subsidy / S. Glaister, 418 -- 15. Health care: QALYs and the equity - efficiency tradeoff / A. Wagstaff, 428 -- 16. Infrastructure: Water vending activities in developing countries / D. Whittington, D.T. Lauria, D.A. Okun and X. Mu, 448 -- 17. The environment: assessing the social rate of return from investment in temperate zone forestry / D.W. Pearce, 464 -- Index, 491.