Cost-Benefit Analysis and the Environment

Recent Developments

image of Cost-Benefit Analysis and the Environment

This book presents an in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment. It examines how costs and benefits are evaluated and given monetary value, how to take into account impacts on future generations and impacts of irreversible losses, and how to deal with equity and sustainability issues.

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The Foundations of Cost-benefit Analysis

The underlying theory of CBA has been developed most over the past 50 years. It is based on the notion of a human preference. Preferences are linked to “utility” or "wellbeing” by rigorous rules and axioms. In turn, CBA provides rules for aggregating preferences so that it is possible to speak of a “social” preference for or against something.

English French

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