Towards Principles and Standards for the Benefit-Cost Analysis of Safety
Bibliographic Data
| ID | 13037360 |
|---|---|
| Authors | Scott Farrow (University of Maryland, Baltimore County, corresponding author), W Kip Viscusi (0000-0002-7931-7689, University of Maryland, Baltimore County) |
| Year | 2011 |
| Volume | 2 |
| Issue | 3 |
| Pages | 1-25 |
| Publication date | 2011-08-25 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Benefit-Cost Analysis (JOURNAL) |
| Journal identifiers | ISSN: 2152-2812 • E-ISSN: 2194-5888 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2202/2152-2812.1033 |
| OpenAlex | W2149889046 |
| Language | EN |
| Citations received | 5 |
| References cited | 29 |
Benefit-cost analysis (BCA) is frequently applied to decisions involving public safety which requires analyzing risk and assessing options to manage risks. Principles and standards may assist analysts, decision-makers, and the public in developing and interpreting such BCAs. Principles and standards at best represent commonly held views among a community of practice. Such views are continually evolving with advances in the field. This paper presents a modularized format towards principles and standards that may assist in focusing discussion and decisions about whether such proposals actually reflect principles and standards within the benefit-cost analysis community of practice. Among topics covered are welfare measures, benefit or cost transfer, and valuing uncertain outcomes
Best practice · Business · Cost–benefit analysis · Economics · Field (mathematics · Management · Management science · Political science · Risk analysis (engineering · Computer Science · Economic and Environmental Valuation · Engineering · Health Systems, Economic Evaluations, Quality of Life · Healthcare Policy and Management
Rational Benefit Assessment for an Irrational World
Bureaucratic Benefit-Cost Analysis and Policy Controversy
A benefit-cost analysis of a red drum stock enhancement program in South Carolina
Benefits and Costs of “Swift, Certain, and Fair” Supervision
Appropriate Measurement and Use of “Costs of Crime” in Policy Analysis
Discounting for time and risk in energy policy
Uncertainty and the Evaluation of Public Investment Decisions
Investment under Uncertainty
Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?
Discounting climate change
Psychology and Economics
Managing the Risk of Uncertain Threshold Responses
The Value of a Statistical Life
Appropriate Discounting for Benefit-Cost Analysis
Characterizing the Amount and Speed of Discounting Procedures
Behavioral Economics and the Conduct of Benefit-Cost Analysis
Discounting and intergenerational equity
| Citations per year | 0.5 |
|---|---|
| Citation span | 2016 - 2020 (5) |
| Highly cited | No |