Premium
A Framework for Analyzing the Economic Tradeoffs Between Urban Commerce and Security Against Terrorism
Author(s) -
Rose Adam,
Avetisyan Misak,
Chatterjee Samrat
Publication year - 2014
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/risa.12187
Subject(s) - spillover effect , terrorism , payment , risk analysis (engineering) , computer science , computer security , economic cost , transfer payment , environmental economics , business , economics , microeconomics , political science , market economy , world wide web , welfare , law
This article presents a framework for economic consequence analysis of terrorism countermeasures. It specifies major categories of direct and indirect costs, benefits, spillover effects, and transfer payments that must be estimated in a comprehensive assessment. It develops a spreadsheet tool for data collection, storage, and refinement, as well as estimation of the various components of the necessary economic accounts. It also illustrates the usefulness of the framework in the first assessment of the tradeoffs between enhanced security and changes in commercial activity in an urban area, with explicit attention to the role of spillover effects. The article also contributes a practical user interface to the model for emergency managers.