Maintained Hypotheses - Study guides, Class notes & Summaries
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Maintained Hypotheses
Maintained Hypotheses
1. INTRODUCTION: FROM A PARTIAL TOWARDS A MORE GLOBAL ANALYSIS A partial analysis carried out at the margin. Traditional project analysis is built on demand modeling and the derivation of consumer surplus assumed to correctly account for social surplus if the rest of the economy functions optimally. In the case of large projects, this partial analysis, limited to the transport market, becomes insufficient to capture their consequences due to numerous sources of non-optimality. Thi...
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