The Role of Alternative Cost in Project Design and Selection

Peter O. Steiner

The Quarterly Journal of Economics, 1965, vol. 79, issue 3, 417-430

Abstract: Introduction, 417. — I. The basic model, 418. — II. Choices only among explicit alternatives — government choice pre-emptive, 421. — III. Choices only among explicit alternatives — government choice determinative, 425. — IV. Addition of implicit alternatives, 427. — V. Summary and conclusions, 429.

Date: 1965
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