Economics

For courses in Cost-Benefit Analysis, taught in Economics Departments, Public Policy Departments, and Public Administration Departments.  Also ideal for practicing policy analysts and public managers.

This authoritative, market leading text is distinct for it's consistent application of a nine-step framework for conducting or interpreting a cost-benefit analysis.  

For courses in Cost-Benefit Analysis, taught in Economics Departments, Public Policy Departments, and Public Administration Departments.  Also ideal for practicing policy analysts and public managers.

This authoritative, market leading text is distinct for it's consistent application of a nine-step framework for conducting or interpreting a cost-benefit analysis.  

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"Do students often feel as though doing a cost-benefit analysis is too complex?  Do they get lost in the process, unsure of what step to take next?"

• The authors break a CBA down into nine basic steps to help make the process of conducting and/or interpreting a CBA more manageable. They first illustrate these nine steps in Chapter 1, with the straightforward example of the Coquihalla Highway project. This dry run gives students an opportunity to see the practical realities of the entire CBA process early, before getting into technical detail. The conceptual and practical issues introduced in this example are then more fully developed throughout the rest of the book.
  • Chapter 1 (p. _____)

• Boardman, Weimer, Vining, and Greenberg have each contributed to field as prolific researchers, and their collective experience in consulting brings a true, realistic, and applied foundation to this book.  More on the author team can be found in the "Author Bio" tab.

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OTHER POINTS OF DISTINCTION

• In order to be appropriate for a diverse audience, the book emphasizes clear discussion over formal mathematics, and also emphasizes application over abstract theory. Nevertheless, it still covers important, if difficult, conceptual issues in adequate detail both as a framework for thoughtful application and as a basis for further study.

"Do you want to develop students' understanding for the political and societal realities of CBA?"

• Throughout the text, the authors also pay special attention to integrating the political realities of CBA, so all readers understand how CBA can facilitate a more efficient allocation of society's resources.
• Example: pg. _____

• The Social Discount Rate has been completely rewritten based on the authors’ recent article in the Journal of Policy Analysis and Management.  Keeps students up-to-date with the significant theoretical advances in this area. 
  • Chapter 10 (p. _____)

• Shadow Prices from Secondary Sources has been updated to now present shadow price estimates on the basis of the most recent research findings.There has been considerable recent research in this area, and the authors provide students with the most current information.
  • Chapter 15 (p. _____)

• Cost-Effectiveness Analysis now provides a clearer presentation of the methods employed to construct quality-adjusted life-years: the health rating method, the time tradeoff method, and the standard gamble.  It also introduces the major health indexes that researchers are currently using to translate changes in health status to changes in quality of life.  This should make the chapter more useful to those working in the health and safety areas, as well as provide students with a better understanding of the health industry.
  • Chapter 17 (p. _____)

• Problems—Exercises, which require the use of spreadsheets, have been added to almost every chapter.

19. How Accurate is CBA?

A Selected Cost-Benefit Analysis Bibliography

Name Index

Subject Index                                      

Benefit-Cost Analysis  [CORE TEXTS]   (Economics)

Anthony Boardman

Anthony E. Boardman is the Van Dusen Professor of Business Administration at the University of British Columbia. His publications on cost-benefit analysis have appeared in many leading academic journals including the Journal of Policy Analysis and Management, Socio-Economic Planning Sciences, Annals of Regional Science, and the Journal of Comparative Policy Analysis Research and Practice. He has also served as a consultant for the Treasury of New Zealand and all levels of government in Canada. 

David L. Weimer is professor of public affairs at the University of Wisconsin-Madison.  He has published work involving the application of cost-benefit analysis to energy policy and the use of contingent valuation surveys.  He also has contributed entries on cost-benefit analysis to the International Encyclopedia of the Social and Behavioral Sciences and the New Palgrave Dictionary of Economics (2nd edition).

Aidan R. Vining is the CNABS Professor of Business and Government Relations in the Faculty of Business Administration, Simon Fraser University in Vancouver, British Columbia (Canada) and holds a Ph.D. from the Goldman Graduate School of Public Policy at the University of California, Berkeley.  His articles related to cost-benefit analysis have appeared in a wide range of journals.  In addition to authoring these articles, Dr. Vining is the author of Policy Analysis; Concepts and Practice with David Weimer (4th. Edition, Pearson Prentice-Hall, 2005) and has recently co-edited Building the Future: Issues in Public Infrastructure in Canada (C.D. Howe) which analyzes the costs and benefits of major infrastructure projects in Canada.  Over the last twenty five years, he has taught numerous courses and seminars on cost-benefit analysis and policy analysis to government analysts in countries around the world 

David Greenberg is a professor emeritus of economics at the University of Maryland Baltimore County (UMBC).  In 2002 he worked as a labor market analyst at the Prime Minister’s Strategy Unit within the British Cabinet Office, helping design a random assignment evaluation of a pilot program that attempts to help retain disadvantaged workers in employment and aid their advancement and is currently working on the cost-benefit analysis of this pilot program.  In addition, he is presently responsible for the cost-benefit analyses of two on-going U.K. programs: the New Deal for Disabled Persons and has taught a course in cost-benefit analysis at UMBC for many years.

Review Copy, 3/E
Boardman
©2006 | Prentice Hall | Cloth | Instock
ISBN-10: 0131991973 | ISBN-13: 9780131991972

Instructors Manual with Solutions, 3/E
Boardman, Greenberg, Vining & Weimer
©2006 | Prentice Hall | On-line Supplement | Instock
ISBN-10: 0131435841 | ISBN-13: 9780131435841
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  Boardman, Greenberg, Vining & Weimer
  ©2006 | Prentice Hall | On-line Supplement; 576 pp | Instock
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