Dynamic cost-benefit analysis of large projects: The role of capital and investment costs

Based on an ideal index for de.ating after-project prices, we derive a dynamic cost-bene.t rule for evaluating large projects. We show that, in addition to the conventional income and consumer surplus meaures, the rule also entails an extra term involving capital and investment cost changes.

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Year of publication:	2008-02-01
Authors:	Li, Chuan-Zhong ; Löfgren, Karl-Gustaf
Institutions:	Institutionen för Nationalekonomi, Umeå Universitet
Subject:	cost-benefit rules \| large projects \| capital costs

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Extent:	application/pdf
Series:	Umeå Economic Studies.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Umeå Economic Studies Number 727 8 pages
Classification:	D60 - Welfare Economics. General ; D90 - Intertemporal Choice and Growth. General ; Q20 - Renewable Resources and Conservation; Environmental Management. General ; Q40 - Energy. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652000