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Cost-Benefit Analysis Under Uncertainty

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NBER1977-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0194
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In what follows we provide a conceptually correct procedure for determining whether a risky project passes the "potential Pareto improvement" welfare criterion which forms the normative basis of cost-benefit analysis. In this approach the role of secondary markets in providing opportunities for
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1977-08-01
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