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This major text presents students with a unified statement of the principles of cost-benefit analysis.

Applied Cost-Benefit Analysis emphasizes the usefulness of the theory of CBA as a practical guide to social decision-making. Robert J. Brent offers a synthesis and extension of welfare economics before showing how the basic tenets of CBA can be successfully applied in a series of case studies. Each of these studies relates to an important and concrete public policy issue analysed using real data. The discussion of these specific applications shows the relevance of the theory in a wide range of different institutional structures, government expenditure categories in both developed and developing countries.

Integrating theory with practice, this text provides a unified statement of the basic principles of CBA viewed as applied welfare economics where each theoretical concept has an application that relates to practical policy problems. Combining a strong theoretical base with real world applications, Applied Cost-Benefit Analysis will be welcomed by upper level undergraduate economists as well as professionals working in transport, the environment and health care.