References
P. Dasgupta and G. Heal: The Optimal Depletion of Exhaustible Resources, Review of Economic Studies41 (1974), Supplement, pp. 3–28.
M. Freeman: A Short Argument in Favor of Discounting Intergenerational Effects, Futures, October 1977.
M Feldstein: Net Social Benefit Calculation and the Public Investment Decision, Oxford Economic Papers16 (1964), pp. 114–131.
S Marglin: The Opportunity Costs of Public Investment, Quarterly Journal of Economics77 (1963), pp. 274–289.
E J. Mishan: Cost Benefit Analysis, 2nd edition, New York 1976.
T. Page: Equitable Use of the Resource Base, Environment and Planning, June 1976.
F. Ramsey: A Mathematical Theory of Saving, The Economic Journal38 (1928), pp. 543–559.
R. H. Solow: Intergenerational Equity, Review of Economic Studies41 (1974), Supplement, pp. 29–45.
R. H. Strotz: Myopia and Inconsistency in Dynamic Utility Maximization, Review of Economic Studies23 (1955–1956), pp. 165–180.
(UNIDO) P. Dasgupta, S. Marglin, and A. Sen: Guidelines for Project Evaluation, United Nations, 1972.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Mishan, E.J. A difficulty in the economic evaluation of long-lived investment projects. Zeitschr. f. Nationalökonomie 39, 365–376 (1979). https://doi.org/10.1007/BF01283637
Received:
Revised:
Published:
Issue Date:
DOI: https://doi.org/10.1007/BF01283637