| Titre | Gains d'information du décideur public et valeur d'option des grands projets d'infrastructure | |
|---|---|---|
| Auteur | Sabrina Hammiche, Laurent Denant-Boèmont | |
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Revue | Economie et prévision |
| Numéro | no 143-144, 2000/2-3 Economie de l'environnement et des ressources naturelles | |
| Rubrique / Thématique | Environnement et intervention publique |
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| Page | 139-153 | |
| Résumé anglais |
Information Gains of the Policy Maker Option Value of Major Public Infrastructure Projects
by Laurent Denant-Boèmont and Sabrina Hammiche
This paper analyses the risk of dynamic irreversibility for major public infrastructure projects using the theory of quasi-option value (Henry, 1974; Arrow, Fisher, 1974) in cost-benefit analysis. The case study compares two competing public infrastructure projects: an irreversible motorway project and a flexible rail project. The latter allows the motorway investment decision to be deferred. Quasi-option value is then applied for a risk environment in which information increases over time, changing the balance between the two projects. The monetised value of the environmental externalities, upon which today's transport policy tends to focus, might then be viewed as secondary to projects' irreversibility costs. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_2000_num_143_2_6097 |
