Principles of cost-benefit analysis for developing countries

Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- List of figures -- List of economic models and tables -- Preface -- Part I: Introduction to welfare economics -- 1 Measuring changes in economic welfare: consumer and producer surplus -- 1.1 Consumer and producer surplus -- 1.2 A cost-benefit approach to policy analysis: some examples -- The social value of an innovation -- Market distortions -- Public goods -- Divergence between social and private cost -- Commodity price stabilisation -- 1.3 Calculating the surpluses -- 1.4 Outstanding problems -- Suggestions for further reading -- 2 Consumers and producers: some basic theory -- 2.1 Consumer optimisation and demand functions -- 2.2 The measurement of consumer surplus -- 2.3 The firm in the long run -- 2.4 The short run and the meaning of producer surplus -- 2.5 Conclusion -- Appendix: properties of the expenditure function -- Suggestions for further reading -- 3 Welfare change in general equilibrium -- 3.1 Adding consumer surpluses -- 3.2 A model of general equilibrium -- 3.3 Measures of welfare change in general equilibrium -- 3.4 Welfare change with perfectly competitive markets -- 3.5 Welfare change in a tax-distorted economy -- 3.6 Partial and general equilibrium measures -- Appendix: conditions for path independence when adding consumer surpluses -- Suggestions for further reading -- 4 Equity and efficiency -- 4.1 Pareto efficiency and Pareto improvements -- 4.2 Relative utilities and social welfare -- 4.3 The Bergson-Samuelson social welfare function -- 4.4 Social welfare functions and individual choice -- 4.5 Equity and efficiency: a trade-off? -- 4.6 Conclusion -- Suggestions for further reading -- Part II: Project and policy appraisal in developing countries -- 5 Project appraisal: an overview -- 5.1 Project appraisal in developing countries -- 5.2 Welfare objectives