Context: Software development effort estimation is a crucial management task that critically depends on the adopted size measure. Several Functional Size Measurement (FSM) methods have been proposed. COSMIC is considered a 2nd generation FSM method, to differentiate it from Function Point Analysis (FPA) and its variants, considered as 1st generation ones. In the context of Web applications, few investigations have been performed to compare the effectiveness of the two generations. Software companies could benefit from this analysis to evaluate if it is worth to migrate from a 1st generation method to a 2nd one. Objective: The main goal of the paper is to empirically investigate if COSMIC is more effective than FPA for Web effort estimati...