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Towards principles and standards for the benefit–cost analysis of safety

In: Principles and Standards for Benefit–Cost Analysis

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  • Scott Farrow
  • W. Kip Viscusi

Abstract

Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.

Suggested Citation

  • Scott Farrow & W. Kip Viscusi, 2013. "Towards principles and standards for the benefit–cost analysis of safety," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 5, pages 172-193, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15126_5
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    References listed on IDEAS

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    1. James T. Hamilton & W. Kip Viscusi, 1999. "Calculating Risks?: The Spatial and Political Dimensions of Hazardous Waste Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262082780, December.
    2. Robert W. Hahn & Richard L. Schmalensee & Roger Noll & Robert Stavins & Lester B. Lave & George C. Eads & Milton Russell & V. Kerry Smith & Maureen L. Cropper & Paul R. Portney & Kenneth J. Arrow, 1996. "Benefit-Cost Analysis in Environmental, Health, and Safety Regulation: A Statement of Principles," Books, American Enterprise Institute, number 51790, September.
    3. Edward Renshaw, 1990. "Analysis," Challenge, Taylor & Francis Journals, vol. 33(3), pages 56-58, May.
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    5. Jamison, Dean T. & Jamison, Julian, 2011. "Characterizing the Amount and Speed of Discounting Procedures," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(2), pages 1-56, April.
    6. Lisa A. Robinson & James K. Hammitt, 2013. "Behavioral economics and the conduct of benefit–cost analysis: towards principles and standards," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 10, pages 317-363, Edward Elgar Publishing.
    7. Lawrence Summers & Richard Zeckhauser, 2008. "Policymaking for posterity," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 115-140, December.
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    9. David F. Burgess & Richard O. Zerbe, 2013. "Appropriate discounting for benefit–cost analysis," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 7, pages 247-263, Edward Elgar Publishing.
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    13. Scott Farrow, 2007. "The Economics Of Homeland Security Expenditures: Foundational Expected Cost‐Effectiveness Approaches," Contemporary Economic Policy, Western Economic Association International, vol. 25(1), pages 14-26, January.
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    15. Viscusi, W. Kip, 1998. "Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures," OUP Catalogue, Oxford University Press, number 9780198293637.
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    21. Viscusi, W. Kip, 2011. "Policy Challenges of the Heterogeneity of the Value of Statistical Life," Foundations and Trends(R) in Microeconomics, now publishers, vol. 6(2), pages 99-172, July.
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    25. William H. Desvousges & F. R. Johnson & H. S. Banzhaf, 1998. "Environmental Policy Analysis With Limited Information," Books, Edward Elgar Publishing, number 1328.
    26. Hausman, Jerry A, 1981. "Exact Consumer's Surplus and Deadweight Loss," American Economic Review, American Economic Association, vol. 71(4), pages 662-676, September.
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    Cited by:

    1. Ted Gayer & W. Kip Viscusi, 2016. "Determining the Proper Scope of Climate Change Policy Benefits in U.S. Regulatory Analyses: Domestic versus Global Approaches," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 245-263.
    2. Kip Viscusi, W. & Gayer, Ted, 2016. "Rational Benefit Assessment for an Irrational World: Toward a Behavioral Transfer Test1," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 7(1), pages 69-91, April.
    3. Mark A. Cohen & David P. Farrington, 2021. "Appropriate Measurement And Use Of “Costs Of Crime” In Policy Analysis: Benefit‐Cost Analysis Of Criminal Justice Policies Has Come Of Age," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 40(1), pages 284-293, January.
    4. Jones, Michael, 2017. "The Effect of Job Readiness Programs on Criminal Behavior," MPRA Paper 81908, University Library of Munich, Germany.
    5. Farrow Scott, 2013. "How (Not) to Lie with Benefit-Cost Analysis," The Economists' Voice, De Gruyter, vol. 10(1), pages 45-50, December.
    6. Burgess David F. & Zerbe Richard O., 2013. "The most appropriate discount rate," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(3), pages 391-400, December.

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