Project Evaluation (Benefit-Cost Analysis)

Summary

A great deal of my work has focused on the theory and application of benefit-cost analysis. It has left me deeply skeptical about the possibility of implementing theoretically correct investment standards for public water projects. In short, one must proceed with caution.

Works

1. Evaluating Federal Water Projects: A Critique of Proposed Standards

2. Benefit-Cost Analysis Reconsidered: An Evaluation of the Mid-State Project

3. Appraising Proposed Federal Standards for Water Resources Investment: Comment

4. Project Evaluation During Inflation

5. Public Investment Criteria for Under-Priced Projects

6. Project Evaluation During Inflation, Revisited: A Solution to Turvey’s Relative Price Change Problem

7. On the Feasibility of Benefit-Cost Analysis

8. On Turvey’s Benefit-Cost ‘Short-Cut’: A Study of Water Meters