Evaluating Infrastructure Projects under Risk and Uncertainty: A Checklist of Issues

被引:4
|
作者
Clarke, Harry [1 ]
机构
[1] La Trobe Univ, Sch Econ, Bundoora, Vic 3086, Australia
关键词
D O I
10.1111/1467-8462.12047
中图分类号
F [经济];
学科分类号
02 ;
摘要
The implications of risk, investment irreversibility and learning for infrastructure project assessment are considered, using investment in desalination as a case study. Both qualitative insights from 'real options' approaches and arguments based on policy-maker risk aversion to investment appraisal are summarised. A checklist of key issues is presented. Remarks are also made about how pure uncertainty and gross ignorance can influence policy determination.
引用
收藏
页码:147 / 156
页数:10
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