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Benefit-Cost Analysis

  • Jesse Burkhead
  • Jerry Miner
Part of the Aldine Treatises in Modern Economics book series (MSE)

Abstract

Benefit-cost analysis is a technique for assessing the economic utility of a public investment project. The technique can be used to indicate whether a specific expenditure should be undertaken. It can also be used to determine the appropriate scale of investment and thus the optimum size of a specific investment project, as well as the product-mix, capital intensity, and other aspects of project design. A benefit-cost approach can also be employed as the framework for a general theory of government investment. In this chapter emphasis will be placed on benefit-cost as a decision technique, although some attention is also directed to benefit-cost as investment theory.

Keywords

Discount Rate Time Preference Public Expenditure Private Investment Public Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Jesse Burkhead and Jerry Miner 1971

Authors and Affiliations

  • Jesse Burkhead
    • 1
  • Jerry Miner
    • 1
  1. 1.Syracuse UniversityUSA

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