developing countries see insufficient investment in projects that would reallocate labor towards better jobs. The concept of JLEs … investment. This paper shows that the optimal way to allocate subsidies to offset JLEs is through a competitive bidding process …

investment decisions: An application to high-speed rail and airport investments -- Cost-benefit analysis of transport policies …This book is a guide to the economic evaluation of transport policies and investment projects through cost … CBA. It includes real-world examples of CBA, such as high-speed rail investment and the subsidization of air transport …