The differences between the private and social benefits and describes the economic basis for the assessment of social impact projects [known as the economic rate of return (ERR)]. The framework starts with the analysis of the impact of a new project on private financiers [private return known as the financial rate of return (FRR)]. The framework then identifies other interested parties who may be affected, directly or indirectly, by the project and examines the impact of the project on each group. Assumes readers have experience with cost-benefit analysis, microeconomics, and the basic mechanics of the assessment. "Hide
by Benjamin C. Esty, Carrie Ferman, Frank J. Bald 14 pages. Publication date: April 17, 2002. Prod. # 202 052-PDF-ENG
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