ESTABLISHING PRIORITIES FOR PUBLIC INVESTMENTS.
Abstract
The central theme of the paper is that value judgments are implicit in the criteria used for the measurement of the benefits and costs associated with a proposed investment and that conventional benefit-cost ratios tend to conceal these opinions. A methodology is presented which highlights for any proposed investment its contribution to the well-being of some groups, its detrimental effects on other groups and an alternative use of the same resources. A general description of each procedure is followed by a detailed illustration of its role in evaluating water resource projects. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1969
- Accession Number
- AD0689513
Entities
People
- Jim J. Tozzi