Cost benefit analysis to assess modular investment: the case of the New Turin-Lyon Railway
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References listed on IDEAS
- Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, Oxford University Press, vol. 101(4), pages 707-727.
More about this item
Keywordscost benefit analysis; option value; optimism bias; strategic misrepresentation; benefit shortfall; planning fallacy; forecasting;
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-30 (All new papers)
- NEP-FOR-2011-04-30 (Forecasting)
- NEP-PPM-2011-04-30 (Project, Program & Portfolio Management)
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