The author argues for a shift in the focus of economic analysis of projects. First, project analysts need to make full use of project information, especially identifying the source of the divergence between market prices and economic costs as well as the source of the divergence between economic...

In theory, market failures are necessary but not sufficient conditions for justifying government intervention in the production of goods and services. Even without market failures, there might be a case for government intervention on the grounds of poverty reduction or merit goods (for example,...

These comments are in reference to Nathaniel Leff's article entitled “Multinational Corporate Pricing Strategy in the Developing Countries.”Professor Leff suggests that marketing executives should reduce the price of a company's products in order to earn higher profits. In defense of this...

The paper presents a cost-benefit analysis of a higher education project in Mauritius by using the rate of return and net present value methods, from the individual student and society's point of view. Although there exists a very rich literature on cost-benefit analysis of an education sector...