The Benefit-Cost Analysis of Security Focused Regulations

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dc.contributor.authorFarrow, Scott
dc.contributor.authorShapiro, Stuart
dc.date.accessioned2021-08-10T15:56:38Z
dc.date.available2021-08-10T15:56:38Z
dc.date.issued2009-04-18
dc.description.abstractSecurity focused regulations have been largely exempt from the benefit-cost type of analysis required for major Federal regulations and done routinely in areas such as transportation, environment and safety. Among the reasons offered for exemption are the analytical difficulties of security issues involving complex or poorly understood probabilities and consequences. This paper investigates the magnitude of security focused regulations, a framework for developing an expected costs analysis of regulations, and the current “break-even” analysis used by the Department of Homeland Security. Key assumptions implicit in the current analysis are identified and suggestions are made for the difficult evolution of security regulations toward a more explicit benefit-cost analysis.en_US
dc.description.urihttps://www.degruyter.com/document/doi/10.2202/1547-7355.1482/htmlen_US
dc.format.extent24 pagesen_US
dc.genrejournal articlesen_US
dc.genrepreprintsen_US
dc.identifierdoi:10.13016/m213uy-ozek
dc.identifier.citationFarrow, Scott; Shapiro, Stuart; The Benefit-Cost Analysis of Security Focused Regulations; Journal of Homeland Security and Emergency Management, 6, 1, 18 April, 2009; https://doi.org/10.2202/1547-7355.1482en_US
dc.identifier.urihttps://doi.org/10.2202/1547-7355.1482
dc.identifier.urihttp://hdl.handle.net/11603/22369
dc.language.isoen_USen_US
dc.publisherDe Gruyteren_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.relation.ispartofUMBC Faculty Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.en_US
dc.titleThe Benefit-Cost Analysis of Security Focused Regulationsen_US
dc.title.alternativeThe Benefit-Cost Analysis of Homeland Security Expendituresen_US
dc.typeTexten_US
dcterms.creatorhttps://orcid.org/0000-0001-7106-8924en_US

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