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.
Tirelli, M. (2006). The evaluation of public investments under uncertainty. RESEARCH IN ECONOMICS, 60, 188-198 [10.1016/j.rie.2006.10.001].
The evaluation of public investments under uncertainty
TIRELLI, Mario
2006-01-01
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.File in questo prodotto:
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