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Cost–Benefit Analysis and the Environment - Hardcover

 
9781852784553: Cost–Benefit Analysis and the Environment
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This book takes a fresh look at the application of cost benefit analysis (CBA) to environmental problems ranging from acid rain to global warming.

Cost Benefit Analysis and the Environment is structured into three 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 acid rain, wilderness land use, recreation and nitrate pollution. Applications of CBA to the greenhouse effect and to nuclear power are included as illustrations of the limitations of the method. In Part three, the book summarizes the major problems CBA faces in environmental application. A series of alternatives are considered, but in conclusion, it is argued that CBA should retain a place in the decision making process for environmental management problems.

This book should be 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.

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About the Author:
Nick Hanley, Professor of Environmental Economics, University of Stirling, UK and Clive L. Spash, Norwegian University of Life Sciences, Norway
Review:
[A] rewarding reference and an invaluable teaching text, and one which should capture students' imaginations and interests in environmental economics. --K.G. Willis, Journal of Rural Studies

[T]his book is extremely practical as a reference and very appropriate as a text. Hanley and Spash thoroughly and clearly present the key theoretical and methodological issues with respect to cost-benefit analysis and the environment both for students and practitioners . . . It should provide excellent material for classroom discussion, stimulate graduate students to think of new improvements in our methods, and keep practitioners from overselling their answers . . . this is an exceptionally strong contribution to the literature. --R.B. Norgaard, Environment and Planning A

This is a novel and constructive text which I would strongly recommend for undergraduate courses in environmental economics. I think it would also appeal to graduates and will be useful in standard public economics courses in which there is a CBA component. The case studies are a particularly strong point of the book. --David Pearce, University College London, UK

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  • PublisherEdward Elgar Publishing
  • Publication date1993
  • ISBN 10 1852784555
  • ISBN 13 9781852784553
  • BindingHardcover
  • Number of pages288

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