33 research outputs found

    Regional Sewer System Rate Structure Study.

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    This 1992 report is the first of three research projects focusing on factors affecting the socio-economic vitality of the Fully Developed Area (FDA) in context with overall development patterns of the Twin Cities Metropolitan Area.Prepared under contract # C-93-32 for the Metropolitan Council

    Maximizing, measuring, and not double counting transportation-improvement benefits: A primer on closed- and open-economy cost-benefit analysis

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    In a "closed-economy" cost-benefit analysis of a public investment, all affected economic agents matter. In such an analysis, if price equals marginal cost in all affected markets, accurately measuring benefits requires looking only at the use made of the improvement; "non-user" costs and benefits cancel out. Only if price is unequal to marginal cost in affected markets do unduplicated net nonuser benefits and costs exist. In an "open-economy" cost-benefit analysis, gains and losses to outsiders are ignored. The nature of nonuser insider benefits, particularly from "job-creation", is discussed.
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