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.
2006
Tirelli, M. (2006). The evaluation of public investments under uncertainty. RESEARCH IN ECONOMICS, 60, 188-198 [10.1016/j.rie.2006.10.001].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/157251
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