Valuation of Non-marketed Goods

We have seen how in conducting efficiency benefit-cost analysis we often use market prices, either directly or indirectly, to value or cost project outputs or inputs. We use market prices directly when they are generated by perfectly competitive markets - markets that are not distorted by monopoly, monopsony, taxes or regulations.
Nội dung trích xuất từ tài liệu:
Valuation of Non-marketed Goods