The Principles of Practical Cost-benefit Analysis

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Oxford University Press, 1978 - Law - 275 pages
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This is an introduction, accessible to non-economists as well as to economists, to the practice of cost-benefit analysis. It begins from a discussion of financial appraisal. The distinguishing features of cost-benifit analysis are then introduced progressively. Practical examples are used whenever possible to aid the exposition. Economic theory is introduced only where it is immediately relevant to practice; there is no attempt to give a comprehensive survey of theoretical welfare economics.

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About the author (1978)

Michael Bacharach (1936-2002) was Professor of Economics at the University of Oxford, where he was also Director of the Bounded Rationality in Economic Behavior Research Unit. His books included the present work, which he was completing at the time of his death, and "Economics and the Theory of Games." Natalie Gold is a Postdoctoral Fellow in the Philosophy, Probability, and Modeling Group at the University of Konstanz. Robert Sugden, Professor of Economics at the University of East Anglia, Norwich, is the author of "The Economics of Rights, Cooperation and Welfare" and the co-author of "The Principles of Practical Cost-Benefit Analysis" and "The Theory of Choice.

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