||About the Author||For this edition, E.J. Mishan has been joined by Euston Quah of Nanyang Technological University. New themes explored include the impact of game theory on CBA.
Should Malaysia build a new steel mill, or New York City an urban motorway? Should higher education expand, or water supplies be improved? These are typical questions to which cost-benefit analysis, the key economic tool for analyzing problems of social choice can contribute to, as well as providing a useful vehicle for understanding the practical value of welfare economics. This invaluable text covers the main problems that arise in a typical cost-ben...
