282 



MULTIPLE PURPOSE RIVER DEVELOPMENT 



consumer budget: the budget line, 21- 

 22, Fig., 22; how determined, 23; 

 efficient allocation of, 22 



consumer credit, 104; cost of, 83; short- 

 term, interest rates on, 94-95 



consumer durables, 80, 81, 87, 95 



consumer goods paper, 95 



consumer income, 23, 24, 33-34, 85, 87 



consumer preferences, 18, 19-23, 32; 

 and derivation of opportunity cost 

 of tax-raised federal funds, 125, 142, 

 147; and wage rates, 24-25 



consumer satisfaction (see also satisfac- 

 tion maximization; utility theoty), 

 18, 76n, 87, 88 



consumer savings. See savings. 



consumer sovereignty, 18, 43, 91-92 



consumer utility. See consumer satis- 

 faction 



consumer's preference map, 20-21, 85, 

 87, Figs., 20, 86 



consumption: deferment of, 143n; dis- 

 tribution of. 111; future consump- 

 tion stream, 128; by households, 85; 

 present and future, allocation of ex- 

 penditures between, 85, 85n; by 

 regions, 228; resources drawn from, 

 122; stimulation of, by reduction of 

 excise taxes, 92, 99-101; stimulation 

 of, by reduction of personal income 

 tax, 90, 92, 93-97, Table, 98 



consumption fimction, 109n, 11 In 



Cook, L. D., 99n, llOn, 228n, 240n 



Cookenboo, Leslie, Jr., 46n 



co-ordinated management in integrated 

 river development, 68, 157, 165, 268, 

 270 



Coosa River (see also Alabama-Coosa 

 river system), 176; Corps of Engi- 

 neers development plan for, 172-75, 

 Table, 174; drainage area, 200; and 

 Snake River, comparative data on 

 development of, 180-81, Table, 181; 

 suspension of authorization for fed- 

 eral development of, 175, 181, 184, 

 196 



Cootner, Paul, vi 



corporation income tax, reduction of: 

 and dividend recipients, 111-12, 

 Table, 113; and investment by cor- 

 porations, 112-15; as passed on to 

 consumer, Musgrave's assumption, 



corporation income tax, cont. 



110, 227; and stimulation of invest- 

 ment, 90, 102, 110-17, 227-28; and 

 wage and salary earners, Table, 111 



corporations (see also corporation in- 

 come tax): average rates of return, 

 114, 114n, 116n; earnings, tax on, 

 227; investment, financing of (1955), 

 81; large and small, per cent of tax 

 paid by, 112, 112n; rate of expan- 

 sion, limit to, 114; regional incidence 

 of change in tax liabilities, 227-29, 

 Table, 230-31; retained earnings, 

 effect of increase in, 114; small, ex- 

 ternal financing of, 115; sources of 

 capital for, 83; tax liabilities, distri- 

 bution among major industry divi- 

 sions, 229, 229n 



costs (see also benefit-cost analysis and 

 under Alabama-Coosa river system; 

 Hells Canyon; Willamette River 

 project): accounting, 141, 200, 200n, 

 207-33; alternative, 73-74, 154; assem- 

 bly, of raw materials, 58, 248, 249; 

 average, 58; commodity, 42; com- 

 mon, 207; construction, 72n, 75-76, 

 143, 166-67, 207; declining average, 

 46, 74; decreasing, 46, 59, 59n, 212n; 

 factor, 71, 75; and gains, distribution 

 of, 14, 199-200 (see also Willamette 

 River project); incremental, 73, 76, 

 146-47, 151, 152n, 187, 188, 190, 

 190n-191n; insurance, 168; interest, 

 48; interim replacement, 167; mar- 

 ginal, 31, 32, 41, 44, 46, 71, 255n; 

 nonreimbursable, 192; operating, 35, 

 36, 163 (see also project in ques- 

 tion); opportunity (see opportunity 

 costs; public funds, social cost of); 

 private, 72, 153 (see also private 

 cost-gain calculus); processing, 58, 

 248; production, average, 58; real, 

 41, 206; recouping of, 198; social, 53, 

 72, 75, 154, 197 (see also public 

 funds, social cost of); transport, 45, 

 62n, 248, 249-50, 251; uncompen- 

 sated, 43-44, 60-61, 76-77, 153, 153n, 

 266; water-treatment, 60-61 



Cougar Dam, proposed, 258n; author- 

 ization for construction of, 205; 

 peaking capacity, installation of, 

 206n 



