Introduction to Cost–Benefit Analysis

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Gines de Rus incorporates the latest thinking on issues such as the treatment of risk and uncertainty, and the importance of institutional arrangements in ensuring the correct use of the technique. These issues are blended seamlessly into the relevant case studies, rather than treated as optional extras, as in some texts. The case studies themselves are at the center of current debate and controversy, including the need for high-speed rail lines and the case for the privatization of water supply. Introduction to Cost-Benefit Analysis is intended as a graduate and advanced undergraduate textbook. Nevertheless, economists and other practitioners involved in the economic evaluation of projects will also find the book extremely useful.