The Implications of the Net Fiscal Benefits Criterion for Cost Sharing in Flood Control Projects.
MATHEMATICA INC BETHESDA MD
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The research, based on accepted theory of public finance and grounded in welfare economics theory, reaches important findings in a number of controversial areas. First, it is concluded that the net fiscal benefits criterion has important advantages in the determination of what local governments would be willing to contribute to the cost of flood control projects, but somewhat less applicability to the analysis of economic efficiency benefits and costs from a national perspective. Second, its value in assessing relative effectiveness of investment from the federal governments perspective is negligible, since a portion of individual income gains are returned as tax revenues for all possible types of Federal expenditures. Author
- Economics and Cost Analysis
- Hydrology, Limnology and Potamology