Working Paper Series, Department of Economics, Uppsala University
No 2010:15:
Dynamic cost-benefit analysis of large projects: The role of capital cost
Chuan-Zhong Li ()
and Karl-Gustaf Löfgren ()
Abstract: 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.
Keywords: cost-benefit rule; large project; capital cost; (follow links to similar papers)
JEL-Codes: D60; D90; H40; (follow links to similar papers)
8 pages, May 26, 2010
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