John S. Dodgson
Abstract
In a developed economy there are likely to be few external effects from road investment; and secondary benefits (for example, to final consumers of goods transported) can be assumed to be already covered by benefits to traffic.
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In a developed economy there are likely to be few external effects from road investment; and secondary benefits (for example, to final consumers of goods transported) can be assumed to be already covered by benefits to traffic.
Key concepts: Economics, Cost–benefit analysis, Investment (military), Welfare, Multiplier (economics), Monopoly, Public economics, Microeconomics