Investments of uncertain cost

Article Abstract:

Investment in projects involves two distinct types of cost uncertainty, factor cost uncertainty, external to the company carrying out the investment, and technical uncertainty, linked to physical problems in completing projects. Uncertainty over factor costs is likely to have a bigger impact on the value of large projects, as can be illustrated using the example of a nuclear power plant. If technical uncertainty is similar in all stages of an investment project, this may have little effect on the cost to completion, though this finding does not hold if uncertainties are dealt with in the initial stages of a project.

Management consulting services, Capital investments

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Tax-Induced Distortions and the Business-Pleasure Borderline: The Case of Travel and Entertainment

Article Abstract:

The effect of income taxation on business expenditures is examined with emphasis and expenditures for travel and entertainment from a sampling of proprietorships. Business expenditures show a significant price sensitivity. Further limitation of business expenditures would contribute to retrenched employment in the entertainment sector.

Evaluation, Tax deductions

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Mexican agriculture: distribution and efficiency effects of eliminating price distortions

Article Abstract:

The impact of trade liberalization on Mexico's agriculture sector and income distribution would be significant. Equilibrium models have been developed to quantify this impact of free trade. Such models were introduced during talks between the North American countries that resulted in the North American Free Trade Agreement.

Social aspects, Agricultural industry, Mexico, Agricultural policy

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