Assume now that there are two groups in the population. Each contributes equally to the cost of
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Assume now that there are two groups in the population. Each contributes equally to the cost of the project, but two-thirds of the benefits accrue to the richer group. Discuss how this alters the cost-benefit calculation. Under what circumstances will the decision to undertake the project be altered?
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When there are two groups in a population contributing equally to the cost of a project but the benefits are disproportionately accruing to the richer group this significantly alters the costbenefit c...View the full answer
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Related Book For 
Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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