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Choice of large projects

Journal Article:

Abstract

Conventional cost/benefit or project analysis has generally not taken into account circumstances in which the project under consideration is large enough that its introduction to the economy would have significant general equilibrium effects. In this paper, rules are examined that would indicate whether such large projects should be accepted or rejected. The rules utilize information yielded by before-project and after-project equilibrium prices and production data. Rules are developed for the undistorted ''first-best'' case, the case in which the fixed costs of the project are covered by distortionary taxation, and for the case of projects producing public goods. 34 references.
Authors:
Publication Date:
Aug 01, 1978
Product Type:
Journal Article
Reference Number:
ERA-04-008357; EPA-05-000693; EDB-79-012077
Resource Relation:
Journal Name: Can. J. Econ.; (Canada); Journal Volume: 11:3
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ENERGY FACILITIES; COST BENEFIT ANALYSIS; ECONOMIC ANALYSIS; PRODUCTION; COMMODITIES; CONSTRUCTION; COST; DECISION MAKING; DEMAND FACTORS; ECONOMICS; EQUILIBRIUM; EVALUATION; MATHEMATICAL MODELS; OPTIMIZATION; PROFITS; SIMULATION; SIZE; TARIFFS; 290200* - Energy Planning & Policy- Economics & Sociology; 298000 - Energy Planning & Policy- Consumption & Utilization
OSTI ID:
6871082
Research Organizations:
Queen's Univ., Kingston, Ont.
Country of Origin:
Canada
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: CJECB
Submitting Site:
TIC
Size:
Pages: 404-424
Announcement Date:

Journal Article:

Citation Formats

Harris, R. Choice of large projects. Canada: N. p., 1978. Web. doi:10.2307/134314.
Harris, R. Choice of large projects. Canada. doi:10.2307/134314.
Harris, R. 1978. "Choice of large projects." Canada. doi:10.2307/134314. https://www.osti.gov/servlets/purl/10.2307/134314.
@misc{etde_6871082,
title = {Choice of large projects}
author = {Harris, R}
abstractNote = {Conventional cost/benefit or project analysis has generally not taken into account circumstances in which the project under consideration is large enough that its introduction to the economy would have significant general equilibrium effects. In this paper, rules are examined that would indicate whether such large projects should be accepted or rejected. The rules utilize information yielded by before-project and after-project equilibrium prices and production data. Rules are developed for the undistorted ''first-best'' case, the case in which the fixed costs of the project are covered by distortionary taxation, and for the case of projects producing public goods. 34 references.}
doi = {10.2307/134314}
journal = {Can. J. Econ.; (Canada)}
volume = {11:3}
journal type = {AC}
place = {Canada}
year = {1978}
month = {Aug}
}