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• W2017804592 abstract "Abstract This article develops a general model of private and public choice under temporal uncertainty. The model incorporates the effects of risk preferences and the prospect of future learning into both the individual and aggregate valuations of public projects. The analysis provides new insights on individual valuation, its implications for benefit‐cost analysis and the characterization of Pareto‐efficiency under uncertainty. It also resolves some of the confusion in the option value and quasioption value literature." @default.
• W2017804592 created "2016-06-24" @default.
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• W2017804592 date "2002-02-01" @default.
• W2017804592 modified "2023-09-27" @default.
• W2017804592 title "On the Valuation of Uncertainty in Welfare Analysis" @default.
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• W2017804592 doi "https://doi.org/10.1111/1467-8276.00240" @default.
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