what are the benefits of microeconomics
IV. MICROECONOMIC BENEFITS Microeconomic benefits refer to improvements in the productivity of individual firms due to investments in transportation infrastructure. Depending on market structure, the benefits may accrue to firms themselves as increased profit, be passed along to consumers as lower prices, or some combination of the two. Cost Benefit Analysis is the conventional means of assessing microeconomic benefits. In this section we review these benefits and the extent to which they may be captured in a CBA framework. The first and most obvious of these benefits is the reduction in inbound and outbound transportation costs. Highway infrastructure improvements â which may include