Index 



289 



insurance costs, 168 

 integrated system development {see also 

 Alabama-Coosa river system; Hells 

 Canyon; Willamette River project), 

 4-10, 69-70, 68n; and co-ordinated 

 management, need of, 68, 157, 165, 

 268, 270; implementation difficulties 

 in, 9-10; and large-scale economies, 

 9 {see also economies of scale); prob- 

 lem of realizing benefits of, 270; as 

 a solution to problems of interde- 

 pendence, 70, 171, 180 {see also in- 

 terdependence); of TVA-Alcoa proj- 

 ects. 65-67, 165 

 interdependence, direct, physical, 56- 



57,63-64,66,71,73; 

 effects of, 43-44, 70, 133; 

 and external diseconomies, 54n; 

 extreme forms of, 65-68, 70, 134; 

 functional, among storage units, 55; 

 in Hells Canyon case, 136, 163-66, 



170, 171, 199; 

 among investment opportunities, 37- 



38; 

 of production functions, 43-44, 70, 



71; 

 in resource use, 56-57, 71; 

 solution of problems, in Alabama- 

 Coosa system, 180; 

 and uncompensated costs and gains, 



43-44, 60-61, 153, 153n; 

 of utility functions, 43, 43n 

 in water-derivative production, 53- 

 68: 



complementary production and 

 common costs, 68-70; 



flood control, 54-56; 



hydroelectric power, 61-68, 163-66, 

 171, 180; 



inland water navigation, 60-61; 



irrigation, 56-60; 

 in water resources field, 43, 44, 56- 



57, bin, 70, 71 

 interest costs, 48 



interest payments: as tax deductible, 

 95; and tax liability among upper- 

 income classes, 104 

 interest rates: 

 applicable to: 



debtors in upper-income classes, 

 104; 



interest rates, cont. 



applicable to, cont. 



reduction in corporation income 

 tax, 110-17, Tables, 111, 113, 

 116; 

 reduction in excise taxes. Table, 



101; 

 reduction (proportionate) of per- 

 sonal income tax, 109, Table, 

 110; 

 tax savings in income classes, 100- 

 101, Table, 101; 



on bank loans, 83, 94-95, 121, 121m; 



changes in, effect on consumer's con- 

 sumption-saving decisions, 35, Fig., 

 36; 



on consumer assets and debts, 94; 



on consumer borrowing, 83, 87-88; 



on consumer savings, 33-35, Figs., 34, 

 36, 37; 



diversity of, among low-income 

 groups, 103; 



effect of large tax changes on, 89; 



effective, on private utilities' invest- 

 ment funds, 189, 189n; 



estimate of, for income classes, 96-97, 

 97n, Tables, 97, 98; 



imputed, to federal resource devel- 

 opment, 209, 212; 



levels of, assumptions governing, 159; 



on long-term government bonds, 91; 



low, use of in evaluating govern- 

 ment investment projects, 125-27, 

 147; 



market rate, and social cost of taxa- 

 tion, 79, 79n; 



market rate, and uncertainty, 47; 



on modernization loans, 95; 



on mortgages, 83, 94, 121; 



on personal loans, 95; 



as a price in the capital market, 33- 

 35, 37-40, 78; 



for project evaluation, 125-27, 142- 

 43, 143n, 147; 



range of, in American economy, 83- 

 84; 



on revenue bonds of nonfederal pub- 

 lic bodies, 209-10, kl7; 



and risk premiums, 122, 123-24; 



on short-term consumer credit, 94- 

 95; 



