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Cost-Benefit Analysis and Public Policy



Cost-Benefit Analysis and Public Policy

David Weimer (Editor)

ISBN: 978-1-405-19016-9 August 2008 Wiley-Blackwell 472 Pages



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).

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