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<br />001G55 <br /> <br />for example, if a benefit-cost analysis were desiredl. <br /> <br />1 Benefit-cost analysis is not employed in the Colorado Water Study. <br />Instead, impacts are displayed in both monetary and non-monetary units. <br />Monetary units are used only for marketed goods and services. Direct <br />decision-maker evaluation of nonmarket-valued impacts is preferred to <br />willingness to payor other forms of imputation of monetary values. <br /> <br />William B. Lord <br />Policy Sciences Associates <br />February 27, 1981 <br /> <br />11 <br />