Issues in the Application of Cost-Benefit Analysis to.
This paper develops a theoretical framework to evaluate the benefits and costs of energy projects in oil-importing developing countries. This is used to address various questions: How should the problems of energy dependency and vulnerability be reflected in a project appraisal? Are there externalities not captured in the market price of the resource? Should royalty values be included in cost-benefit calculations? Why do the real prices of exhaustible resources rise over time? Should several energy-development projects be done simultaneously? What are the true costs of stock piling oil? Is there a need for coordinating information gathering and project diversification across countries? Copyright 1987 by Royal Economic Society.
Year of publication: |
1987
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Authors: | Anand, Sudhir ; Nalebuff, Barry |
Published in: |
Oxford Economic Papers. - Oxford University Press. - Vol. 39.1987, 1, p. 190-222
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Publisher: |
Oxford University Press |
Saved in:
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