The aims of this note is to introduce the special issue on "Mega projects and regional development in the Italian experience" and to review some of the critical issues associated with the evaluation of mega project. In particular, we focus on the short comings of Cost-benefit analysis when the project is large and when network effects are not negligible, and we propose further research on risk assesstment and time discounting for long term and risky investments.
Mega Project and Regional Development
PERCOCO, MARCO;SENN, LANFRANCO
2010
Abstract
The aims of this note is to introduce the special issue on "Mega projects and regional development in the Italian experience" and to review some of the critical issues associated with the evaluation of mega project. In particular, we focus on the short comings of Cost-benefit analysis when the project is large and when network effects are not negligible, and we propose further research on risk assesstment and time discounting for long term and risky investments.
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