NPV rule in gov’t

By BENEL D. LAGUA

Aug 03, 2018 12:18 am

BENEL D. LAGUA

This is version 2 of a similar column I wrote a decade ago. It’s an issue worth reviving with the burgeoning capital expenditure projects the government is contemplating. It’s sometimes argued that the Net Present Value (NPV) criterion is appropriate for corporations but not for governments.

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