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Cost-Benefit Analysis: Concepts and Practice (2nd Edition)

by Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer

ISBN-10: 0130871788
ISBN-10: 0-13-087178-8
ISBN-13: 9780130871787
ISBN-13: 978-0-13-087178-7
Hardcover
2000-11-05
Prentice Hall


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Reviews


Not the most useful, but comprehensive.
This book by Anthony Boardman et al. is a heavy read. It is not a book you would want to read from A to Z in order to understand Cost-Benefit Analysis or CBA, but it is one of the better reference books I have found. The only downside I found was a very theoretical approach and lack of really useful examples. Nevertheless, not one element of CBA seems to be left untouched. This book is a valuable reference to anyone relying on CBA as a decision-making tool, because it will assist you in understanding what it is that you are analyzing when applying CBA.

Wonderful
I have received in the data they promised me, very quick, even I received it early in the morning!!!!!!!

Even the prof had a difficult time getting through it
I had to buy this book for a class I took on Cost-benefit analysis (which is probably why you're thinking of buying it, too). The contents of my review won't have much influence on your choice to purchase it, as that decision has already been made by your prof. But I think I owe you a few warnings.

Some of the chapters are well-written (the chapters on discounting and compounding and time value), but most of them are confusing (the chapters on option value and the section about the optimal growth discount model). Even our professor, who has a BA in econ from Yale and a PhD in econ from Berkeley, had trouble getting through these sections. Some of the homework problems at the ends of the chapters ask about material that the text never fully explains. In a few instances, the book reminds you why you hate integral calculus.

So although I can't stop you from buying this, I can at least warn you that your trip through its pages will be nothing like a trip through the beautiful mountains on the cover. Unless you were planning on climbing the mountains. In January. Without GPS or crampons.

Straightforward
The authors have put approached this topic in a step by step way. It explains important background topics as well. I bought this book for a class, so I really didn't have much choice in the matter. I expect that most buyers will do so for the same reason. To them, I say "don't worry about it," this won't hurt as much as you think." If you are considering this for pleasure reading, well, don't let me stop you.

Complete, Comprehensive, but lengthy
Probably one of the few only books available that talks about CBA. Lacks in real life examples, otherwise a good read for grasping basic concepts and tools.


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