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"... Covers all the main problems that arise in a typical cost-benefit exercise. Part I covers the main theoretical issues, including shadow pricing, discount rates, and problems of risk, uncertainty, and income distribution. Part II considers the problem of how to ascribe a monetary value to things like safety and physical risk, time, and environmental damages. The third part covers six separate case studies. Actual examples drawn, amongst others, from transport pricing, the allocation of health care, and water vending in developing countries are described."--Back cover.