Valuation of Government Policies and Projects
Governments play a central role in the allocation of capital and risk in the economy. Evaluating the cost to taxpayers of government investments requires an assumption about the government’s cost of capital. Governments often take their borrowing rate to be their cost of capital, which implicitly t...
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| Format: | Article |
| Language: | en_US |
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Annual Reviews
2013
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| Online Access: | http://hdl.handle.net/1721.1/77231 https://orcid.org/0000-0001-7540-936X |