Massimo Florio and Chiara Pancotti authored the second edition of Applied Welfare Economics: Cost-Benefit Analysis for Project and Policy Evaluation, published by Routledge. The volume presents a consistent framework for applied welfare economics and is grounded in a comprehensive theory of cost-benefit analysis, specifically focused on offering a practical approach to policy and project evaluation. After opening with a theoretical discussion, the book introduces readers to an applied framework and discusses the state of the art of international experience with CBA. The empirical chapters draw from first-hand research, gained by the CSIL team from years of advisory work for the European Commission, European Investment Bank and other international and national institutions.
This second edition presents updated references, more international examples, and more coverage of topics such as the social discount rate for projects or policies with very long run impacts and the application of CBA in new contexts. It also features a new chapter on the use of CBA in Regulatory Policy end-of-chapter questions to aid reader’s learning.