Posts Tagged ‘cost/benefit analysis’

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    Looking Back at a Decision

    Mar 26, 11 • 267 Views • No Comments

    Testifying in 1978, one public official said that economists, citing cost and benefit, recommended using a lower level of levee protection against hurricanes in Louisiana than he thought was necessary. (p. 90 of the Congressional Report on Hurricane Katrina)...  [read more]

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    Economic Insight

    Nov 26, 10 • 289 Views • No Comments

    Have you ever looked at “The 3 Little Pigs” through an economic lens? Referring to the third little pig, Harvard economist Edward Glaeser suggests the fairy tale is about investing wisely. In my econ class, a student used opportunity cost analysis...  [read more]

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    Wind Farms

    Aug 2, 10 • 278 Views • No Comments

    What if peak wind for your wind farm equals peak demand? Good? Not necessarily. The key is timing. According to a NY Times article, certain wind installations have to “dump energy late at night…” because there is no demand for power at...  [read more]