Dynamic cost-benefit analysis of large projects: The role of capital cost
AbstractThis paper derives a dynamic cost-benefit rule for evaluating large projects. We show that, in addition to the conventional income and consumer surplus measures, the rule also entails an extra term involving capital cost changes.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 109 (2010)
Issue (Month): 2 (November)
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Web page: http://www.elsevier.com/locate/ecolet
Cost-benefit rule Large project Capital cost;
Other versions of this item:
- Li, Chuan-Zhong & Löfgren, Karl-Gustaf, 2010. "Dynamic cost-benefit analysis of large projects: The role of capital cost," Working Paper Series 2010:15, Uppsala University, Department of Economics.
- D60 - Microeconomics - - Welfare Economics - - - General
- D90 - Microeconomics - - Intertemporal Choice - - - General
- H40 - Public Economics - - Publicly Provided Goods - - - General
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