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Unemployment, Excess Capacity, and Benefit-Cost Investment Criteria

Haveman, Robert and Krutilla, John (1966): Unemployment, Excess Capacity, and Benefit-Cost Investment Criteria. Published in: Review of Economics and Statistics , Vol. 3, No. 49 (1967): pp. 382-392.

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Abstract

In this paper we present a model designed to relate the detailed occupational and industrial demands imposed on the economy by several types of water resource investment. This detail provides the basis for adjusting the market cost of such public investments under the employment conditions prevailing in the 1957- 1965 period.

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