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Cost-Benefit Analysis and Crime Control

Cost-Benefit Analysis and Crime Control

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Criminal justice programs, to be adopted in today’s climate, need to demonstrate not only efficacy but return on tax dollars invested. Cost-benefit analysis, the economist's tool for determining the price of outcomes, yields a single metric that allows different interventions to be compared directly. Yet CBA is difficult, even controversial, to apply to crime control, as it involves placing monetary value on such intangibles as pain, suffering, well-being, and human life. This book guides researchers through cost collection, design of bias-free studies, measurement of effects, approaches to estimating program benefits, and methods for combining the elements into a unified analysis.
Criminal justice programs, to be adopted in today’s climate, need to demonstrate not only efficacy but return on tax dollars invested. Cost-benefit analysis, the economist's tool for determining the price of outcomes, yields a single metric that allows different interventions to be compared directly. Yet CBA is difficult, even controversial, to apply to crime control, as it involves placing monetary value on such intangibles as pain, suffering, well-being, and human life. This book guides researchers through cost collection, design of bias-free studies, measurement of effects, approaches to estimating program benefits, and methods for combining the elements into a unified analysis.

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Categories:Types, Research
Published by: Urban Institute Press on Mar 18, 2011
Copyright:Traditional Copyright: All rights reserved
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10/14/2013

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