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Benefit-cost analysis. Conceptual framework. Organization of the guide. Institutional and planning context. Multiple objetive nature of decisions. Planning and decision-making context. Organizational and administrative structure. Principles and environmental quality extensions of benefit-costs analysis. The purpose of benefit-cost analysis. Sources of values. Investment planning and decisions. Extension of benefit-cost analysis to environmental quality. Economic valuation techniques. Analyzing activities. Key definitions and concepts. Analyzing activities. Some examples of analysis. Analyzing effects on natural systems and receptors. Some problems in analyzing effects. Types of models for analyzing effects. Approaches to estimating effects. Choosing a model or set of models. Examples of estimating effects on natural systems. Some problems in estimating effects on natural systems. Approaches for estimating effects on receptors. Environmental quality valuation from the benefit side. Valuing benefits - a brief summary. Market value or productivity approaches. Surrogate market approaches. Litigation and compensation. Survey-based valuation techniques. Environmental quality valuation from the cost side. Cost analysis techniques. Cost-effectiveness analysis. Multiactivity economic-environmental quality models. Input-output models. Linear-programming models of environmental quality. Other models.
An in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment.
An impressive piece of work that deserves to be on every European agricultural economist s bookshelf. Jean-Christophe Bureau, European Review of Agricultural Economics This is an excellent text that could be used in specialist academic courses in environmental and natural resource economics, ecological economics and cost benefit analysis, as well as in interdisciplinary courses in public policy, planning and environmental management. David James, Australasian Journal of Environmental Management Cost Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. Nick Hanley and Edward Barbier show how CBA can be applied to environmental policy choice and environmental resource management. They cover the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from Europe, North America and developing countries. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus. The textbook is aimed at students on inter-disciplinary courses as well as those studying environmental economics, welfare economics and public policy. It will also be of interest to people in the policy community, NGOs and consultancy sectors.
This lucid, up-to-date book takes a fresh look at the application of cost-benefit analysis (CBA) to environmental problems ranging from wildlife protection to global warming. Cost-Benefit Analysis and the Environment is structured into two parts. Part one provides a critical up-to-date account of the theory and practice of CBA as applied to the environment. Part two focuses on a number of specific case studies, in particular ozone damage to agricultural crops, wilderness land use, recreation and nitrate pollution. The application of CBA to the greenhouse effect is used to illustrate the limitations of the method. The book summarizes the major problems CBA faces in environmental application. This book will be highly relevant for the growing number of undergraduate and post-graduate courses in environmental economics and management, as well as being of interest both to academics researching in these areas, and to other professionals concerned with project appraisal and the environment.
An in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment.
It has always been thought that some level of pollution and waste is unavoidable in development projects. But no one has made much effort to quantify and assess the extent of this sort of damage. In this book a group of analysts from the Asian Development Bank and from the East West Center propose a means of constructing useful economic evaluations of the impacts of development projects on the environments in which they are constructed. This study demands the systematic evaluation of all the intentional and unintentional consequences of development initiatives before they are determined upon. It is essential reading for development economists, analysts and bankers. Originally published in 1986