PART I: OVERVIEW

Chapter 1 Introduction to Cost-BenefitAnalysis 1

Chapter 2 Conceptual Foundations ofCost-Benefit Analysis 27

PART II: FUNDAMENTALS OF CBA

Chapter 3 Microeconomic Foundations ofCost-Benefit Analysis 52

Chapter 4 Valuing Benefits and Costs inPrimary Markets 78

Chapter 5 Valuing Benefits and Costs inSecondary Markets 115

Chapter 6 Discounting Benefits and Costs inFuture Time Periods 133

Chapter 7 Dealing with Uncertainty:ExpectedValues,Sensitivity Analysis,and the Value of Information 167

Chapter 8 Option Price and Option Value 202

Chapter 9 Existence Value 224

Chapter 10 The Social Discount Rate 238

Chapter 11 Predicting and MonetizingImpacts 274

PART III: VALUATION OF IMPACTS

Chapter 12 Valuing Impacts from ObservedBehavior:Experiments and Quasi Experiments 288 Chapter 13 Valuing Impacts fromObserved Behavior: Direct Estimation of Demand Curves 320 Chapter 14 ValuingImpacts from Observed Behavior:Indirect Market Methods 341

Chapter 15 Contingent Valuation:UsingSurveys to Elicit Information about Costs and Benefits 372

Chapter 16 Shadow Prices from SecondarySources 406

Chapter 17 Shadow Prices:Applications toDeveloping Countries 443

PART IV: RELATED METHODS

Chapter 18 Cost-Effectiveness Analysis 464

Chapter 19 Distributionally WeightedCost-Benefit Analysis 489

Chapter 20 How Accurate is CBA? 507

Name Index 521

Subject Index 527