Thirty years ago, rising health care costs sparked a panic in state legislatures. 1 As a result, states began looking for ways to tame increasing health care costs. 2 Many, including insurance companies and health care providers, attributed the rising costs to increased litigation, excessive jury verdicts, and rising insurance premiums. 3 As a result, legislatures turned to statutory caps on no...

.................................................................................................................................................................................1 Approach................................................................................................................................................................................2 Lifecycle Cost as a Yardstick......

Intrusion detection systems need to maximize security while minimizing costs. In this paper, we study the problem of building cost-sensitive intrusion detection models. We examine the major cost factors: development costs, operational costs, damage costs incurred due to intrusions, and the costs involved in responding to intrusions. We propose cost-sensitive machine learning techniques to produ...

Air pollution from motor vehicles, electricity-generating plants, industry, and other sources can harm human health, injure crops and forests, damage building materials, and impair visibility. Economists sometimes analyze the social cost of these impacts, in order to illuminate tradeoffs, compare alternatives, and promote efficient use of scarce resource. In this paper, we compare estimates of ...

BACKGROUND Road Traffic Injuries (RTIs) as a result of road traffic crashes (RTCs) rank as the leading cause of death, disability and property loss worldwide, especially in low and middle-income countries. This study aims to analyze the costs of RTCs in Iran. METHODS A standard human capital approach was used to estimate the costs. Costs included medical, administrative and funeral costs, pro...

In December 1993, the river Meuse ooded and caused a damage of about 250 million Dutch guilders. This prompted the Dutch government to initiate a project to investigate and compare strategies that can reduce future losses due to ooding on the basis of several criteria, including some concerning uncertainties. To obtain decisions that reduce ood damage, one should account for the following uncer...

The economic assessment of the impacts of storm surges and sea-level rise in coastal cities requires high-level information on the damage and protection costs associated with varying flood heights. We provide a systematically and consistently calculated dataset of macroscale damage and protection cost curves for the 600 largest European coastal cities opening the perspective for a wide range of...

INTRODUCTION .......................................................................................... 258 I. THE EVOLUTION OF PRODUCTS LIABILITY LAW ...................... 262 A. Early American Law ....................................................... 263 B. Modern American Law ................................................... 265 C. The Liability “Crisis” ...................................

Contents 1. Introduction 2. The need for policy instruments 3. The Range of Policy Options 4. The Selection and Design of Policy Instruments 4.1. Efficiency with heterogeneous abatement costs 4.2. Difficult monitoring of emissions (but complementarity with products) 4.3. Efficiency with heterogeneous damage costs 4.4. Uncertainty in damage costs and efficiency 4.5. Inter-temporal efficiency wit...

The more than 50,000 species of plants, animals, and microbes introduced into the United States cause more extinction of native species than most any other threats and cause more than $120 billion in damages and control costs each year. An assessment of the invasive plants that have been introduced and their control and damage costs will be estimated.