This book uses modern economic tools to obtain general equilibrium cost-benefit rules to evaluate small, large and ultra-large projects.
This book uses modern economic tools to obtain general equilibrium cost-benefit rules to evaluate small, large and ultra-large projects.
Preface; 1. Introduction; 2. The basic cost-benefit (C-B) model 9; 3. Market distortions; 4. Intertemporal generalization; 5. Natural resources; 6. Small versus large projects; 7. Aggregation; 8. Appraisal in a risky world; 9. Notes on estimation; 10. A smörgåsbord of further topics; 11. Robustness checks and due diligence in evaluations; References; Index.