Title
Investing in Science: Social CostBenefit Analysis of Research Infrastructures (Mit Press),New
Delivery time: 8-12 business days (International)
A proposal for using costbenefit analysis to evaluate the socioeconomic impact of public investment in large scientific projects.Large particle accelerators, outer space probes, genomics platforms: all are scientific enterprises managed through the new form of the research infrastructure, in which communities of scientists collaborate across nations, universities, research institutions, and disciplines. Such large projects are often publicly funded, with no accepted way to measure the benefits to society of these investments. In this book, Massimo Florio suggests the use of costbenefit analysis (CBA) to evaluate the socioeconomic impact of public investment in large and costly scientific projects.The core concept of CBA of any infrastructure is to undertake the consistent intertemporal accounting of social welfare effects using the available information. Florio develops a simple framework for such accounting in the research infrastructure context and then offers a systematic analysis of the benefits in terms of the social agents involved. He measures the benefits to scientists, students, and postdoctoral researchers; the effect on firms of knowledge spillovers; the benefits to users of information technology and sciencebased innovation; the welfare effects on the general public of cultural services provided by RIs; and the willingness of taxpayers to fund scientific knowledge creation. Finally, Florio shows how these costs and benefits can be expressed in the form of stochastic net present value and other summary indicators.
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⚠️ WARNING (California Proposition 65):
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For more information, please visit www.P65Warnings.ca.gov.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main focus of 'Investing in Science' by Massimo Florio? A: The book focuses on using cost-benefit analysis to evaluate the socioeconomic impact of public investment in large scientific projects, such as particle accelerators and genomics platforms.
- Q: Who is the author of the book? A: The author of the book is Massimo Florio.
- Q: When was 'Investing in Science' published? A: The book was published on October 15, 2019.
- Q: What is the page count of this book? A: The book contains 384 pages.
- Q: What type of binding does this book have? A: This book is available in hardcover binding.
- Q: What can readers expect to learn from this book? A: Readers can expect to learn about the framework for cost-benefit analysis in the context of research infrastructures and the socioeconomic benefits of large scientific projects.
- Q: Is this book suitable for someone interested in economic policy? A: Yes, the book falls under the category of Economic Policy & Development, making it suitable for those interested in economic policy.
- Q: Does the book include illustrations? A: Yes, the book is described as an illustrated edition.
- Q: What are some benefits discussed in the book? A: The book discusses benefits to scientists, students, firms from knowledge spillovers, and the general public from cultural services provided by research infrastructures.
- Q: What is the condition of the book being sold? A: The book is in new condition.