MINIMUM ATTRACTIVE RATE OF RETURN FOR PUBLIC INVESTMENTS,
Abstract
Time must be allowed for an investment decision by the use of interest factors, and a project is not to be regarded as economically efficient unless it shows its worth in a time-discount caluclation as against the relevant alternatives. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1968
- Accession Number
- AD0673468
Entities
People
- Jack Hirshleifer
Organizations
- RAND Corporation