Project evaluation during inflation
- 1 August 1975
- journal article
- Published by American Geophysical Union (AGU) in Water Resources Research
- Vol. 11 (4) , 511-514
- https://doi.org/10.1029/wr011i004p00511
Abstract
Rules for correctly dealing with price and interest rate projections when one conducts benefit‐cost analysis during inflation are derived, Recommendations of the Water Resources Council and those adopted in the Water Resources Development Act of 1974 are critiqued. The use of real prices and real opportunity cost interest rates is recommended as an improvement over the present practice of employing real prices and nominal financial interest rates.Keywords
This publication has 3 references indexed in Scilit:
- Developments under the Freedom of Information Act: 1973Duke Law Journal, 1974
- Evaluating Federal Water Projects: A Critique of Proposed StandardsScience, 1973
- Benefit‐Cost Analysis for Water System PlanningPublished by Wiley ,1971