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Cost-Benefit Analysis and Public Policy

David Weimer (Editor)
ISBN: 978-1-4051-9016-9
472 pages
August 2008, Wiley-Blackwell
Cost-Benefit Analysis and Public Policy (1405190167) cover image


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).
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Table of Contents


Preface 1.


David L. Weimer, Cost-Benefit Analysis and Public Policy 2.

The Issue of Standing.

Whittington, D., & MacRae, D., Jr. (1986). The issue of standing in cost-benefit analysis.

MacRae, D., Jr, & Whittington, D. (1988) Assessing preferences in cost-benefit analysis: Reflections on rural water supply evaluation in Haiti.

Trumbull, W. N. (1990). Who has standing in cost-benefit analysis?.

Whittington, D., & MacRae, D., Jr. (1990). Comment: Judgments about who has standing in cost-benefit analysis.

Trumbull, W. N. (1990). Reply to Whittington and MacRae.

Zerbe, R. O., Jr. (1991). Comment: Does benefit-cost analysis stand alone? Rights and standing.

Discounting for Time.

Brown, P. G. (1988). Policy analysis, welfare economics, and the greenhouse effect.

Kolb, J. A., & Scheraga, J. D. (1990). Discounting the benefits and costs of environmental regulations.

Metcalf, G. E., & Rosenthal, D. (1995). The “new” view of investment decisions and public policy analysis: An application to green lights and cold refrigerators.

Moore, M. A., Boardman, A. E., Vining, A. R., Weimer, D. L., & Greenberg, D. H. (2004). “Just give me a number!” Practical values for the social discount rate.

Risk and the “Value of Life”.

Moore, M. J., & Viscusi, W. K. (1988). Doubling the estimated value of life: Results from new occupational fatality data.

Fisher, A., Chestnut, L. G., & Violette, D. M. (1989). The value of reducing risks of death: A note on new evidence.

Knetsch, J. L. (1995). Assumptions, behavioral findings, and policy analysis.

Mrozek, J. R., & Taylor, L. O. (2002). What determines the value of life: A meta-analysis.

Hammitt, J. K. (2002). Understanding differences in estimates of the value of mortality risk.

Krupnick, A. (2002). The value of reducing risk of death: A policy perspective.

Non-Use Value as a Benefit Category.


Rosenthal, D. H., & Nelson, R. H. (1992). Why existence value should not be used in cost-benefit analysis.

Kopp, R. J. (1992). Why existence value should be used in cost-benefit analysis.

Quiggin, J. (1993). Existence value and benefit-cost analysis: A third view.

Smith, V. K. (1993). Rethinking the rithmetic of damage assessment.

CBA in Administrative and Legal Context.

Boardman, A., Vining, A., & Waters, W. G., II (1993). Costs and benefits through bureaucratic lenses: Example of a highway project.

Krutilla, K. (2005). Using the Kaldor-Hicks tableau format for cost-benefit analysis and policy evaluation.

Kopp, R. J., & Smith, V. K. (1989). Benefit estimation goes to court: The case of natural resource damage assessment.

Zerbe, R. O., Jr. (1998). Is cost-benefit analysis legal? Three rules.

Harrington, W., Morgenstern, R. D., & Nelson, P. (21–1). On the accuracy of regulatory cost estimates.

CBA Applications.

Long, D. A., Mallar, C. D., & Thornton, C. V. D. (1981). Evaluating the benefits and costs of the Job Corps.

Gomez-Ibanez, J. A., Leone, R. A., & O’Connell, S. A. (1983). Restraining auto imports: Does anyone win?.

Kamerud, D. B. (1988). Benefits and costs of the 55 MPH speed limit: New estimates and their implications.

Vitaliano, D. F. (1992). An economic assessment of the social costs of highway salting and the efficiency of substituting a new deicing material.

Devaney, B., Bilheimer, L., & Schore, J. (1992). Medicaid costs and birth outcomes: The effects of prenatal WIC participation and the use of prenatal care.

Schwindt, R., Vining, A., & Globerman, S. (21–1). Net loss: A cost-benefit analysis of the Canadian Pacific salmon fishery.

Chen, G., & Warburton, R. N. (2006). Do speed cameras produce net benefits? Evidence from British Columbia, Canada.

Index 457

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Author Information

David Weimer is professor of political science and public affairs at the Robert M. La Follette School of Public Affairs. His research focuses broadly on policy craft, institutional design, and health policy. Professor Weimer co-authored Organizational Report Cards and Policy Analysis: Concepts and Practice (4th edition), and Cost-Benefit Analysis (3rd edition). His edited volumes include Institutional Design and The Political Economy of Property Rights.
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