This note compares project evaluation rules for large projects by Negishi and Harris and points out that the extensions by Harris depend on his implicit weakening of the criterion for potential welfare improvement compared with Negishi's original welfare criterion.
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Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number
413.
Length: 7 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:osakae:413
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Find related papers by JEL classification: D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty