'With up-to-date analyses and examples from across social and environmental studies, this new edition reaffirms the book's position as the premier rigorous treatment of cost-benefit analysis for researchers, policy professionals, and decision-makers.' Clive Belfield, Queens College, City University of New York

1. Introduction to cost-benefit analysis; 2. Conceptual foundations of cost-benefit analysis; 3. Microeconomic foundations of cost-benefit analysis; 4. Valuing impacts from observed behavior: direct estimation of demand schedules; Case: use of demand schedules in regulatory impact analyses; 5. Valuing impacts in output markets; 6. Valuing impacts in input markets; 7. Valuing impacts in secondary markets; 8. Predicting and monetizing impacts; Case: WSIPP CBA of the nurse-family partnership program; 9. Discounting future impacts and handling inflation; Case: a CBA of the North-East mine development project; 10. The social discount rate; 11. Dealing with uncertainty: expected values, sensitivity analysis, and the value of information; Case: using Monte Carlo simulation: assessing the net benefits of early detection of Alzheimer's Disease; 12. Risk, option price and option value; 13. Existence value; 14. Valuing impacts from observed behavior: experiments and quasi experiments; Case: findings from CBAs of welfare-to-work programs; 15. Valuing impacts from observed behavior: indirect market methods; 16. Contingent valuation: using surveys to elicit information about costs and benefits; Case: using contingent valuation to estimate benefits from higher education; 17. Shadow prices from secondary sources; Case: shadow pricing a high school diploma; 18. Cost-effectiveness analysis and cost-utility analysis; 19. Distributionally weighted CBA; Case: the Tulsa IDA account program; 20. How accurate is CBA?

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