"Now in its second edition, Cost-Benefit Analysis has been updated throughout, offering readers the perfect introduction to project, program and policy appraisal using basic tools of financial and economic analysis. The key economic questions of any social cost-benefit analysis are: do the...

The paper describes and analyses data obtained from a survey of the labour force of a tuna cannery in Papua New Guinea. Estimates of the value of employees work and travel time are obtained and used to calculate the shadow-price of labour under alternative assumptions about the labour market and...

The present paper examines the optimal use of a site containing standing timber, taking account of both timber and non-timber values. Using a site in the southern forest of Tasmania for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non-timber...