Benefit - Cost Analyses for Security Policies: Does Increased Safety Have to Reduce Efficiency?

ISBN-13: 9781784711078 / Angielski / Twarda / 2015 / 288 str.

C. Mansfield;V. Kerry Smith

Opis

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.