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In a world defined by scarcity, governments are constantly faced with the challenge of making difficult choices. Resources are limited, while human needs and ambitions
In a world defined by scarcity, governments are constantly faced with the challenge of making difficult choices. Resources are limited, while human needs and ambitions
A major reason behind the failure of many public projects is the reliance on inappropriate pricing, which distorts the perceived costs and benefits of the
In public investment analysis, using market prices to evaluate project costs and benefits can be misleading—especially when those prices are distorted or incomplete. A significant
In public policy and investment decision-making, determining whether a project is worth pursuing hinges on more than just projected costs and benefits. Time, risk, and
Public policy plays a critical role in addressing market failures, promoting social welfare, and steering national development. However, government intervention is not always effective—and in
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