Tag: cost-benefit

By Robert Krol Each year, state and local governments decide on which transportation infrastructure projects to build. Often, priority goes to projects directed at reducing highway congestion or air pollution. The economic backbone of the decision process is supposed to be an objective cost-benefit analysis. However, calculating the costs and benefits of any major project is technically difficult. Cost estimates require a determination of labor and material quantities and prices. Benefit estimates require forecasting economic growth, demographic trends, and travel patterns in the region. Clouding the analysis is the fact that this decision process takes place in a political environment. Politicians love the publicity they get at the opening of a high-occupancy vehicle lane or the expansion of a mass… View Article

The Georgia Public Policy Foundation is a driving force for market-based solutions to policy challenges. The work done by this outstanding organization is making a real impact on the future of Georgia. I personally consider the Foundation a primary source for policy ideas. All Georgians are better off because the Foundation is helping lead the critical policy debates in our state.

Senate Majority Leader Chip Rogers more quotes