Covariance Analysis of Reservoir Development Effects on Property Tax Base

Claude M. Vaughan, Jr.
Abstract: Much attention has been given in recent years to the development of water resources in the United States. Large scale multi-purpose dam and reservoir projects are of particular interest. Such projects are traditionally undertaken after the resulting benefit has been found to exceed the required cost. The benefits which are most readily evaluated are primary benefits such as flood control, hydroelectric power, and navigation. The purpose of this study is to investigate secondary benefits...
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