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Benefit–Cost Analyses for Security Policies

Edited by Carol Mansfield and V. Smith

in Books from Edward Elgar Publishing

Abstract: Benefit–Cost Analyses for Security Policies describes how to undertake the evaluation of security policies within the framework of benefit–cost analysis and offers a unique contribution to analysis of homeland security regulations in the United States. The authors outline how established procedures for benefit–cost analysis must adapt to meet challenges posed by current security policy, through examining specific security related regulations. The logic of risk assessment, selection of a discount rate, valuation of travellers’ time when delayed due to screening, valuation of changes in risks of injury or death, and impacts of terrorist events on the economy as a whole are among the issues discussed. An outline of the research and policy evaluation steps needed to build robust benefit–cost methods to evaluate security related regulations in the future is presented in the book.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2015
ISBN: 9781784711078
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Chapters in this book:

Ch 1 Introducing the issues: meeting the challenges in evaluating homeland security policies , pp 3-25 Downloads
Carol Mansfield and V. Smith
Ch 2 The design of benefit–cost architecture for homeland security policy analysis , pp 26-60 Downloads
V. Smith and Carol Mansfield
Ch 3 Lessons from risk assessment, economics, and risk management at EPA , pp 63-77 Downloads
Chris Dockins and William Wheeler
Ch 4 The heterogeneity of the value of statistical life: evidence and policy implications , pp 78-116 Downloads
W Viscusi
Ch 5 Dealing with safety in UK public sector project appraisal , pp 117-139 Downloads
Michael Jones-Lee
Ch 6 A comparison of key benefit estimation issues for natural hazards and terrorism: ex ante/ex post valuation and endogenous risk , pp 140-154 Downloads
Robert Farrow
Ch 7 Urban adaptation to low-probability shocks: contrasting terrorism and natural disaster risk , pp 157-171 Downloads
Matthew Kahn
Ch 8 Macroeconomic consequences of terrorist attacks: estimation for the analysis of policies and rules , pp 172-200 Downloads
Adam Rose
Ch 9 Valuing time for Department of Homeland Security projects and policies , pp 203-224 Downloads
Kenneth E. McConnell
Ch 10 Applicability of benefit transfers for evaluation of homeland security counterterrorism measures , pp 225-253 Downloads
Kevin Boyle, Sapna Kaul, Ali Hashemi and Xiaoshu Li
Ch 11 What we know and what we need to learn , pp 254-266 Downloads
Carol Mansfield and V. Smith

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