Cost-Benefit Analysis of Environmental Change [Paperback]

An advanced text in applied welfare economics and its application to environmental economics, providing detailed rules for the economic assessment of projects which affect the environment.Drawing on empirical illustrations, this advanced text in applied welfare economics and its application to environmental economics derives sets of rules which can be used to assess the social benefits and costs of private and public sector projects affecting the environment.Drawing on empirical illustrations, this advanced text in applied welfare economics and its application to environmental economics derives sets of rules which can be used to assess the social benefits and costs of private and public sector projects affecting the environment.This book is an advanced text in applied welfare economics and its application to environmental economics. The author goes far beyond the existing literature, deriving sets of rules that can be used to assess the social benefits and costs of private and public sector projects that affect the environment. Drawing on a number of empirical illustrations, this book will be of interest not only to those taking advanced courses in environmental economics, welfare economics, and public economics, but also as a reference for those undertaking project evaluations in government and business.1. Introduction; 2. Some basic concepts; 3. Consumer surplus measures; 4. Valuing public goods: practical methodologies; 5. General equilibrium cost-benefit rules; 6. Cost-benefit rules, national income accounts and sustainable development; 7. Valuation and aggregation; 8. Cost-benefit rules in a risky world; 9. Valuing changes in access conditions, health risks and information; 10. Empirical applications; 11. Policy instruments and international environmental problems.