TY - BOOK AU - Mishan, Edward J. TI - Cost-benefit analysis T2 - Praeger special studies in international business, finance and trade SN - 0275565300 AV - HD 47 .5 .M5 1976 PY - 1976/// CY - New York, N.Y. PB - Praeger KW - AnĂ¡lisis costo-beneficio N1 - Foreword, x --; Preface to second edition, xiv --; Preface to first edition, xvi --; Part I. Some simplified examples of cost-benefit studies, 1 --; 1. Introductory, 1 --; 2. An underground railway, 3 --; 3. Disease control, 6 --; 4. Reservoir construction, 9 --; 5. Channel tunnel, 13 --; 6. Cost-benefit capacity adjustments, 17 --; Part II. Economic concepts of costs and benefits, 24 --; 7. Consumers' surplus, 24 --; 8. Consumers' surplus when other prices change, 40 --; 9. Consumers' surplus when factors other than prices change, 46 --; 10. Rents and producers' surpluses, 55 --; 11. Opportunity cost, 65 --; 12. Transfer payments and double counting, 75 --; 13. Shadow pricing (I), 81 --; 14. Shadow pricing (II), 92 --; 15. The problem of second best, 98 --; Part III. External effects, 109 --; 16. Introduction to external effects, 109 --; 17. Internalizing external effects, 117 --; 18. On the valuation of spillovers, 122 --; 19. Environmental spillovers, 127 --; 20. The economic concept of exact compensation, 133 --; 21. The effect of legal liability on the evaluation of spillovers, 139 --; 22. Optimal methods of correcting spillovers, 145 --; 23. The costs of implementing Pareto improvements, 153 --; 24. Horse and rabbit stew, 160 --; Part IV. Investment criteria, 165 --; 25. Introduction to investment criteria, 165 --; 26. Crude investment criteria, 170 --; 27. The present discounted value criterion, 175 --; 28. The internal rate of return, 183 --; 29. The alleged superiority of discounted present value criterion, 187 --; 30. Investment criteria in an ideal economy, 196 --; 31. The rate of discount and the social rate of time preference (I), 199 --; 32. The rate of discount and the social rate of time preference (II), 205 --; 33. What rate of discount should be used?, 212 --; 34. The social opportunity cost of public investment, 219 --; 35. A normalization procedure for public investment -the problem, 225 --; 36. A normalization procedure for public investment -the rules, 232 --; 37. A normalization procedure for public investment -the implications, 239 --; 38. A normalization procedure for public investment -an applied example, 243 --; 39. Selecting a set of investment projects, 254 --; 40. A note on the calculation of P1, P2, A1, and A2, 263 --; Part V. particular problems in project evaluation, 273 --; 41. The value of time saved, 273 --; 42. The benefits of a recreation area (I), 279 --; 43. The benefits of a recreation area (II), 286 --; 44. The opportunity cost of unemployed labour, 293 --; 45. Loss of life and limb (I), 298 --; 46. Loss of life and limb (II), 310 --; 47. Measuring pollution damage by variations in property values (I), 321 --; 48. Measuring pollution damage by variations in property values (II), 327 --; Part VI. Uncertainty, 337 --; 49. Certainty equivalence, 337 --; 50. Game theory (I), 340 --; 51. Game theory (II), 345 --; 52. Simple probability in decision making, 352 --; 53. Conditional probability in decision making, 355 --; 54. How practical are game theory decision techniques?, 360 --; 55. The utility approach, 364 --; 56. Popular devices for coping with uncertainty, 371 --; 57. Recourse to the yield on risky private investment, 376 --; Part VII. Further notes relating to cost-benefit analysis, 382 --; Note A. The Welfare basis of cost benefit analysis, 382 --; 58. The social rationale of welfare economics, 382 --; 59. Cost-benefit analysis and the Pareto principle (I), 390 --; 60. Cost-benefit analysis and the Pareto principle (II), 397 --; 61. Consistency in project evaluation (I), 403 --; 62. Consistency in project evaluation (II), 411 --; Note B. More accurate measures of economic surplus, 416 --; 63. The concept and measure of consumer's surplus, 416 --; 64. Marginal curve measures of consumer's surplus, 422 --; 65. The concept and measure of rent, 430 --; 66. Marginal curve measures of rent, 435 --; Note C. Allocation, distribution and equity, 441 --; 67. The choice of L law of L law, 441 --; Index, 450 ER -