Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
984442 | Research in Economics | 2006 | 11 Pages |
Abstract
In this paper we revise and extend the theory of the evaluation of public investments under uncertainty. Precisely, we argue that the value of the investments that the public sector would be willing to undertake is never below its market value, and that it can be higher if it provides social insurance.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mario Tirelli,