Benefit-cost analysis reduces all of the impacts of a proposed policy change to a common unit of measurement. It is used in a wide variety of fields including agriculture, life and health, transportation and the environment. This research review surveys a judicious selection of previously published papers indispensable to the study of applied benefit-cost analysis.
Richard E. Just, Darrell L. Hueth and Andrew Schmitz
The practical value of intuitive insights provided by innovative scholars in the past drives much of the current development in applied welfare economics. This research review presents the key works that serve as a basis for applied welfare economic practices, the major papers that develop the methodology of applied economic welfare measurement and some of the most exemplary applications in the fields of welfare work.