Single equation economic base methodology as employed in this paper is briefly outlined together with its limitations and advantages relative to input—output methodology. Both methodologies are utilized to derive alternative estimates of a port's impact on output, income, and employment in the surrounding region. Economic base impacts were up to 5% larger than type 1 input—output impacts and up to 17% smaller than type 2 impacts.
A methodology for determining a von Neumann-Morgenstern utility function is outlined based on the axioms crucial to such a function. Reconciliation of inconsistent judgments is facilitated using the theory of reciprocal matrices. Numerical measures of the collective divergence of a set of judgments from perfect consistency or coherency an provided.
Subject Amos-Sta&t&al Decision Theory and Utility Theory.
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