Benefits and Costs

Yesterday’s post referred to “benefit-cost analysis” which is the same as what a lot of people call “cost-benefit analysis.” I chose this term for the reason anyone does anything. When I took ECON 605, the course was called “Benefit-Cost Evaluation.” Also, I took the course from Scott Farrow, who later

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Presenting "Estimating the Net Social Benefits of the NFIP" at the Benefit-Cost Society Conference in Februrary

The abstract is below. Conference information is available here. The National Flood Insurance Program (NFIP) was created by Congress in 1968 to provide insurance and prevention against flood risk and to shift some rebuilding costs off the federal budget. The program, administered by FEMA, includes a flood mitigation grants component

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