The State of Economic Analysis in Water Resources Planning

William Sander

American Journal of Economics and Sociology, 1985, vol. 44, issue 1, 121-128

Abstract: Abstract. The use of benefit‐cost analysis in federal water resources planning is examined. In addition, its role in the decision‐making process is assessed. An argument is made that its use might be more effective if government planners at the sub national level were better trained in economics. The costs of such investments in the quality of water resource planners are shown to be inconsequential with respect to the costs of inefficient projects. In addition, it is argued that investments in high quality analysts at the Washington, D.C.‐ level may be of less consequence because of the decentralized nature of the decision‐making process.

Date: 1985
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