Benefit-Cost Analysis

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


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.


Discount Rate Time Preference Public Expenditure Private Investment Public Investment 
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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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