Hanley (environmental economics, U. of Stirling, UK) and Barbier (economics, U. of Wyoming, US) explain and promote the use of cost-benefit analysis for environmental policy analysis and environmental management. They present the theoretical background and explain three different approaches for putting monetary values on changes in environmental quality: stated preference methods, revealed preference approaches, and the valuation of ecosystem services. They then examine the differences in approach when applying cost-benefit analysis in developing countries rather than in richer countries and present a series of case studies in which cost-benefit analysis techniques have been applied to valuing ecosystem services, water quality issues, habitat protection, and renewable energy projects. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)