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Benefit-Cost Analysis Of North Dakota'S Garrison Diverson Unit: A Case Study Of Conflicting Interest

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  • Pfeiffer, George H.

Abstract

Federal agencies are generally required to justify the economic value of proposed water resources development projects with benefit-cost analyses. Responsibility for economic analyses lies principally with the proposing agency, under broad policies and procedures guidelines. The economic evaluation of the Garrison Diversion Unit in North Dakota was used as a case study to examine the ability of federal agencies to evaluate their own projects. A consistent tendency to overestimate project benefits and underestimate project costs was found. Revised benefit-cost ratios ranged from 0.44 to 1 to 0.77 to 1, depending on the discount rate employed.

Suggested Citation

  • Pfeiffer, George H., 1978. "Benefit-Cost Analysis Of North Dakota'S Garrison Diverson Unit: A Case Study Of Conflicting Interest," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-8, December.
    • Handle: RePEc:ags:wjagec:32565
    DOI: 10.22004/ag.econ.32565
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    References listed on IDEAS

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    1. A. Myrick Freeman III, 1966. "Adjusted Benefit-Cost Ratios for Six Recent Reclamation Projects," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(4_Part_I), pages 1002-1012.
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    Resource /Energy Economics and Policy;

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