ON RISK DEDUCTIONS IN PUBLIC PROJECT APPRAISAL

Jock Anderson ()

Australian Journal of Agricultural Economics, 1983, vol. 27, issue 3, 9

Abstract: Project appraisal under uncertainty should, in general, be worked in terms of carefully computed expected or mean values of uncertain elements. The major exceptions are when: (a) project returns are large relative to national income; or (b) project returns are highly correlated with other national income. Approximate procedures have been developed for computing risk adjustments in each of these special cases singly, but here, a more comprehensive procedure is described that encompasses both cases separately and jointly.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1983
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Journal Article: ON RISK DEDUCTIONS IN PUBLIC PROJECT APPRAISAL (1983)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22747

DOI: 10.22004/ag.econ.22747

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