Cost-Benefit Analysis and Public Policy

Copyright © 2008 the Association for Public Policy Analysis and Management

Cost-Benefit Analysis and Public Policy

Editor(s): David L. Weimer

Published Online: 22 APR 2009

Print ISBN: 9781405190169

Online ISBN: 9781444307177

DOI: 10.1002/9781444307177

About this Book

Product Information

About The Product

This volume seeks to facilitate such exposure by drawing together into a convenient collection the fine articles on CBA and its application that have appeared in the Journal of Policy Analysis and Management (JPAM).

Table of contents

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      Front Matter (pages I–V)

  2. Introduction

    1. Cost-Benefit Analysis and Public Policy (pages 2–6)

      David L. Weimer

  3. The Issue of Standing

    1. The Issue of Standing in Cost-Benefit Analysis (pages 7–20)

      Dale Whittington and Duncan MacRae

    2. Assessing Preferences in Cost-Benefit Analysis: Reflections on Rural Water Supply Evaluation in Haiti (pages 21–36)

      Duncan MacRae and Dale Whittington

    3. Who has Standing in Cost-Benefit Analysis? (pages 37–51)

      William N. Trumbull

    4. Comment: Judgments about Who has Standing in Cost-Benefit Analysis (pages 52–62)

      Dale Whittington and Duncan MacRae

    5. Reply to Whittington and MacRae (pages 63–64)

      William N. Trumbull

    6. Comment: Does Benefit-Cost Analysis Stand Alone? Rights and Standing (pages 65–73)

      Richard O. Zerbe

  4. Discounting for Time

    1. Policy Analysis, Welfare Economics, and the Greenhouse Effect (pages 74–78)

      Peter G. Brown

    2. Discounting the Benefits and Costs of Environmental Regulations (pages 79–87)

      Jeffrey A. Kolb and Joel D. Scheraga

    3. The “New” View of Investment Decisions and Public Policy Analysis: An Application to Green Lights and Cold Refrigerators (pages 88–101)

      Gilbert E. Metcalf and Donald Rosenthal

    4. “Just Give me a Number!” Practical Values for the Social Discount Rate (pages 102–124)

      Mark A. Moore, Anthony E. Boardman, Aidan R. Vining, David L. Weimer and David H. Greenberg

  5. Risk and the “Value of Life”

    1. Doubling the Estimated Value of Life: Results Using New Occupational Fatality Data (pages 125–138)

      Michael J. Moore and W. Kip Viscusi

    2. The Value of Reducing Risks of Death: A Note on New Evidence (pages 139–150)

      Ann Fisher, Lauraine G. Chestnut and Daniel M. Violette

    3. Assumptions, Behavioral Findings, and Policy Analysis (pages 151–160)

      Jack L. Knetsch

    4. What Determines the Value of Life: A Meta-Analysis (pages 161–178)

      Janusz R. Mrozek and Laura O. Taylor

    5. Understanding Differences in Estimates of the Value of Mortality Risk (pages 179–181)

      James K. Hammitt

    6. The Value of Reducing Risk of Death: A Policy Perspective (pages 182–189)

      Alan Krupnick

  6. Non-Use Value as a Benefit Category

    1. Why Existence Value should not be used in Cost-Benefit Analysis (pages 190–196)

      Donald H. Rosenthal and Robert H. Nelson

    2. Why Existence Value should be used in Cost-Benefit Analysis (pages 197–203)

      Raymond J. Kopp

    3. Existence Value and Benefit-Cost Analysis: A Third View (pages 204–207)

      John Quiggin

    4. Rethinking the Rithmetic of Damage Assessment (pages 208–213)

      V. Kerry Smith

  7. CBA in Administrative and Legal Context

    1. Costs and Benefits through Bureaucratic Lenses: Example of a Highway Project (pages 214–234)

      Anthony Boardman, Aidan Vining and W. G. Waters

    2. Using the Kaldor-Hicks Tableau Format for Cost-Benefit Analysis and Policy Evaluation (pages 235–257)

      Kerry Krutilla

    3. Benefit Estimation goes to Court: the Case of Natural Resource Damage Assessment (pages 258–274)

      Raymond J. Kopp and V. Kerry Smith

    4. Is Cost-Benefit Analysis Legal? Three Rules (pages 275–308)

      Richard O. Zerbe

    5. On the Accuracy of Regulatory Cost Estimates (pages 309–332)

      Winston Harrington, Richard D. Morgenstern and Peter Nelson

  8. CBA Applications

    1. Evaluating the Benefits and Costs of the Job Corps (pages 333–349)

      David A. Long, Charles D. Mallar and Craig V. D. Thornton

    2. Restraining Auto Imports: Does Anyone Win? (pages 350–369)

      Jose A. Gomez-Ibanez, Robert A. Leone and Stephen A. O'Connell

    3. Benefits and Costs of the 55 MPH Speed Limit: New Estimates and their Implications (pages 370–380)

      Dana B. Kamerud

    4. An Economic Assessment of the Social Costs of Highway Salting and the Efficiency of Substituting a New Deicing Material (pages 381–400)

      Donald F. Vitaliano

    5. Medicaid Costs and Birth Outcomes: The Effects of Prenatal WIC Participation and the Use of Prenatal Care (pages 401–418)

      Barbara Devaney, Linda Bilheimer and Jennifer Schore

    6. Net Loss: A Cost-Benefit Analysis of the Canadian Pacific Salmon Fishery (pages 419–439)

      Richard Schwindt, Aidan Vining and Steven Globerman

    7. Do Speed Cameras Produce Net Benefits? Evidence from British Columbia, Canada (pages 440–456)

      Greg Chen and Rebecca N. Warburton

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      Index of Authors (pages 457–458)

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