TY - BOOK AU - Layard, Richard (Editor) AU - Glaister, Stephen (Editor) TI - Cost-benefit analysis SN - 9780521461283 U1 - 658.1554 PY - 1994/// CY - Cambridge PB - Cambridge University Press KW - Cost effectiveness N1 - Includes index; 1. Shadow prices and markets: Policy reform, shadow prices and market prices / J. Dreze and N. Stern -- 2. Shadow prices and markets: Feasibility constraints: foreign exchange and shadow wages / A.K. Sen -- 3. Discount rates: The rate of discount for benefit-cost analysis and the theory of the second best / J.E. Stiglitz -- 4. Risk and uncertainty: Uncertainty and the evaluation of public investment decisions / K.J. Arrow and R.C. Lind -- 5. Income distribution: Allowing for income distribution / R. Layard and A.A. Walters -- 6. The costs and benefits of analysis: Project appraisal and planning twenty years on / I.M.D. Little and J.A. Mirrlees -- 7. Time savings: Research into the value of time / The MVA Consultancy et al -- 8. Safety and the saving of life: The theory of equalizing differences / S. Rosen -- 9. Safety and the saving of life: The economics of safety and physical risk / M.W. Jones-Lee N2 - Should Chicago build a new airport, or India build a new steel mill? Should higher education expand, or water supplies be improved? These are typical questions about which cost-benefit analysis has something to say. It is the mail tool that economics provides for analysing problems of social choice. It also provides a useful vehicle for understanding the practical value of welfare economics ER -