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Welfare, Incentives, and Taxation$
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James Mirrlees

Print publication date: 2006

Print ISBN-13: 9780198295211

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198295211.001.0001

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Project Appraisal and Planning Twenty Years On

Project Appraisal and Planning Twenty Years On

(p.554) 23 Project Appraisal and Planning Twenty Years On
Welfare, Incentives, and Taxation

James A. Mirrlees

I. M. D. Little

Oxford University Press

This chapter discusses the application of appraisal in decision making. Project appraisal is usually used as a reduction in uncertainty or as an acquisition of information. The process of appraisal is considered as a selection among several possibilities, each of which has an uncertain value.

Keywords:   application, appraisal, decision making, project appraisal, uncertainty, reduction, uncertain value

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