We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
BENEFIT-COST ANALYSIS: ITS RELEVANCE TO PUBLIC INVESTMENT DECISIONS.
- Authors
Maass, Arthur
- Abstract
This article discusses the application of benefit-cost analysis in public investment decisions in the U.S. The major limitation of benefit-cost analysis is that it ranks projects and programs in terms only of economic efficiency. The Administration had three principal objectives in proposing rent supplements. The first was to increase the number of housing starts. The second principal objective in recommending a rent supplement program was to give direct assistance to a large group of families with incomes above the public housing level but below the level needed to obtain standard housing at market prices. The third principal objective was economic integration. The author emphasize the need for the agencies to work with two-term objective functions, in order to solve for more complex ones.
- Subjects
UNITED States; PUBLIC investments; INVESTMENTS; COST effectiveness; PUBLIC housing; HOUSING policy; RENT subsidies; INTERNATIONAL economic integration
- Publication
Quarterly Journal of Economics, 1966, Vol 80, Issue 2, p208
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1880690