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- catalog abstract "The author develops a range of rough estimates of the benefits and costs of a U.S. counterterrorism effort in the context of moderate (based on Northern Ireland in 1999), severe (recent Israeli experience), and nuclear terrorist attacks against the United States. The direct adverse economic effects of terrorist attacks include deaths and injuries, property damage, and reduced economic output. For the moderate, severe, and nuclear cases, these costs are estimated at approximately $11 billion, $183 billion, and $465 billion per year, respectively. Real annual resource costs of U.S. counterterrorism efforts in the three cases are found to be $10 billion, $200 billion, and $300 billion, respectively. The analysis suggests that the marginal benefit may exceed the marginal cost, and thus that spending may in fact be little. Another important facet of the problem is who is to finance the counterterrorism efforts-the federal government or state or local agencies. The author's approach should provide a framework for benefit/cost analysis of particular policies, and thus for construction of a rough but reasonable ranking among the myriad potential actions decisionmakers might consider. Finally, the preservation of national pride, although difficult to measure, can be considered a collective good benefiting all.".
- catalog contributor b12904279.
- catalog contributor b12904280.
- catalog created "2003.".
- catalog date "2003".
- catalog date "2003.".
- catalog dateCopyrighted "2003.".
- catalog description "1. Introduction -- 2. Some definitions -- 3. Adverse economic effects of terrorist acts -- 4. Comparing benefits and costs -- 5. Some public finance issues.".
- catalog description "Includes bibliographical references.".
- catalog description "The author develops a range of rough estimates of the benefits and costs of a U.S. counterterrorism effort in the context of moderate (based on Northern Ireland in 1999), severe (recent Israeli experience), and nuclear terrorist attacks against the United States. The direct adverse economic effects of terrorist attacks include deaths and injuries, property damage, and reduced economic output. For the moderate, severe, and nuclear cases, these costs are estimated at approximately $11 billion, $183 billion, and $465 billion per year, respectively. Real annual resource costs of U.S. counterterrorism efforts in the three cases are found to be $10 billion, $200 billion, and $300 billion, respectively. The analysis suggests that the marginal benefit may exceed the marginal cost, and thus that spending may in fact be little. Another important facet of the problem is who is to finance the counterterrorism efforts-the federal government or state or local agencies. The author's approach should provide a framework for benefit/cost analysis of particular policies, and thus for construction of a rough but reasonable ranking among the myriad potential actions decisionmakers might consider. Finally, the preservation of national pride, although difficult to measure, can be considered a collective good benefiting all.".
- catalog extent "xiii, 39 p. ;".
- catalog identifier "0833033565 (pbk.)".
- catalog issued "2003".
- catalog issued "2003.".
- catalog language "eng".
- catalog publisher "Santa Monica, Calif. : Rand,".
- catalog spatial "United States.".
- catalog subject "363.3/2/0681 21".
- catalog subject "Civil Defense economics United States.".
- catalog subject "HV6432 .Z93 2003".
- catalog subject "National security United States.".
- catalog subject "Security Measures economics United States.".
- catalog subject "Terrorism Prevention Economic aspects United States.".
- catalog subject "Terrorism Prevention Government policy United States.".
- catalog subject "Terrorism economics United States.".
- catalog subject "Terrorism prevention & control United States.".
- catalog tableOfContents "1. Introduction -- 2. Some definitions -- 3. Adverse economic effects of terrorist acts -- 4. Comparing benefits and costs -- 5. Some public finance issues.".
- catalog title "A preliminary benefit/cost framework for counterterrorism public expenditures / Benjamin Zycher.".
- catalog type "text".