On this blog we have talked about cost benefit pitfalls and white elephants, speculated on how (not) to lie with it, but also and more boringly we have discussed discount rates, cognition, opportunity costs, and the costs of inaction, all hoping to go back to the future. The focus of most of the Cost Benefit literature is on the estimation of the benefits side of the Cost … [Read more...] about It’s the costs, stupid
Dams
More power to Dams?
Large infrastructure projects have a bad rap. Many deservedly so. But new evidence is emerging that large scale dam projects in China are Pareto improving, and large scale infrastructure investments in Brazil had large positive effects on development. Dam projects have been controversial for the benefits on power generation, flood control and irrigation, and … [Read more...] about More power to Dams?