Past modelling efforts have failed to reach a consensus on breeder R & D strategy. These failures have led some to question the usefulness of benefit-cost analysis for a problem as complex and as politicized as this one has become. Our paper examines some of the major weaknesses of past...

This paper examines the economic benefits and optimal timing of new sources of electric energy. The focus is on those technologies that offer the promise of a nearly inexhaustible electric energy supply: the fast breeder reactor, solar electric and fusion. Benefits are calculated under varying...