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

This paper derives a dynamic cost-bene…t 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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Year of publication:	2010-05-26
Authors:	Li, Chuan-Zhong ; Löfgren, Karl-Gustaf
Institutions:	Nationalekonomiska Institutionen, Uppsala Universitet
Subject:	cost-benefit rule \| large project \| capital cost

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 2010:15 8 pages
Classification:	D60 - Welfare Economics. General ; D90 - Intertemporal Choice and Growth. General ; H40 - Publicly Provided Goods. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008525386