PublicFinanceHarveyRosenChapter08课程.pptVIP

CHAPTER 8 COST-BENEFIT ANALYSIS Projecting Present Dollars into the Future Projecting Future Dollars into the Present Present Value of a Stream of Money Inflation Private Sector Project Evaluation Internal Rate of Return Benefit-Cost Ratio Problems with the Benefit-cost Ratio Discount Rate for Government Projects Returns in Private Sector Social Discount Rate Concern for Future Generations Paternalism Market Inefficiency Government Discounting in Practice Valuing Public Benefits and Costs Market Prices Adjusted Market Prices shadow price Monopoly Taxes Unemployment Consumer Surplus Inferenc