Synopses & Reviews
Reporting findings from a US Department of Homeland Security researchcenter at the University of Southern California, economists explore the financial cost of anti-terrorism measures. They cover securitypolicies and reducing risks, adaptation and economy-wide effects, and the practical implementation of policy evaluation. Among specifictopics are the design of benefit-cost architecture for homeland security policy analysis, the heterogeneity of the value ofstatistical life: evidence and policy implication, dealing with safety in British public sector project appraisal, urban adaptationto low-probability shocks: contrasting terrorism and natural disaster risk, and the applicability of benefit transfers for evaluating homeland security counter-terrorism measures.Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
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.