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Investing in Science: Social CostBenefit Analysis of Research Infrastructures (Mit Press),New
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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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- Q: How many pages does this book have? A: This book contains three hundred eighty-four pages. It's a hardcover edition published by MIT Press.
- Q: What is the size of the book? A: The book measures six point two six inches in length, one point one four inches in width, and nine point three one inches in height.
- Q: Who is the author of this book? A: The author is Massimo Florio, known for his expertise in economic policy and development.
- Q: How do I apply the concepts from this book? A: You apply the concepts by using cost-benefit analysis to evaluate scientific projects. The book provides a framework for measuring socioeconomic impacts.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. It presents complex ideas in an accessible manner, making it easier to understand.
- Q: What type of analysis is discussed in this book? A: The book discusses cost-benefit analysis specifically for research infrastructures in scientific projects.
- Q: How should I care for this hardcover book? A: To care for the book, keep it in a dry place and avoid exposure to direct sunlight. This will help preserve the binding and pages.
- Q: Are there any safety concerns with this book? A: No, there are no safety concerns with this book. It is intended for educational use and does not contain any hazardous materials.
- Q: How should I store this book? A: Store the book upright on a shelf or in a bookcase. Ensure it is not overloaded with other items to avoid damage.
- Q: How does this book compare to others in its category? A: This book offers a unique perspective on evaluating scientific investments compared to typical economic textbooks. It focuses specifically on research infrastructures.
- Q: Is this book appropriate for academic use? A: Yes, this book is appropriate for academic use. It provides in-depth analysis suitable for students and professionals in economics.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact the seller for a return or exchange. Most sellers have policies for damaged items.
- Q: Is there a warranty for this book? A: No, books typically do not come with a warranty. However, check the retailer's return policy for any specific guarantees.
- Q: Can I find this book in digital format? A: Yes, this book may be available in digital format. Check online bookstores or digital library platforms for availability.
- Q: What if I have questions about the content of the book? A: If you have questions about the content, consider reaching out to academic forums or discussion groups focused on economic policy.
- Q: Is this book intended for a specific audience? A: This book is primarily intended for policymakers, economists, and researchers interested in the socioeconomic impacts of scientific investments.