Application of Cost-Benefit Analysis to Airports. The Case of Nicosia, Cyprus

Application of Cost-Benefit Analysis to Airports. The Case of Nicosia, Cyprus

A case study on a proposed runway extension leads the author to conclude that cost-benefit studies are inadequate if they exclude benefits accruing to foreign airlines, and that if facilities provided are not reflected in charges they may distort the allocation of resources: modification of a few vehicles might cost less than the runway improvement.

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