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

Reporting findings from a US Department of Homeland Security research center at the University of Southern California, economists explore the financial cost of anti-terrorism measures. They cover security policies and reducing risks, adaptation and economy-wide effects, and the practical implementation of policy evaluation. Among specific topics are the design of benefit-cost architecture for homeland security policy analysis, the heterogeneity of the value of statistical life: evidence and policy implication, dealing with safety in British public sector project appraisal, urban adaptation to low-probability shocks: contrasting terrorism and natural disaster risk, and the applicability of benefit transfers for evaluating homeland security counter-terrorism measures. Annotation c2015 Ringgold, Inc., Portland, OR (protoview.com)

Edited by Carol Mansfield, Senior Economist, RTI International and V. Kerry Smith, Emeritus Regents’ Professor and Emeritus University Professor, Arizona State University, US