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Toward a Standard Benefit-Cost
Methodology for Publicly Funded
Science and Technology Programs
NISTIR 7319
Jeanne Powell
Economic Assessment Office, ATP
June 2006
View PDF version of study.
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Table of Contents
About the Economic Assessment Office [Inside Front Cover]
Abstract
Acknowledgments
Executive Summary
I. Introduction
II. Rationale and History
III. Similarities and Differences in ATP's Studies
IV. Study Timing and Uncertainties about Future Outcomes
V. Identifying the Counterfactual and Attribution of Benefits
VI. Which Metrics: Social Return on Investment and/or Public Return on Public (ATP) Investment?
VII. Adjusting for Timing Differences across Studies and Projects:
Constant Dollars and Base Year for Discounting
VIII. Conclusions and Future Work
References
About the Advanced Technology Program [Inside Back Cover]
About the Author [Inside Front Cover]
List of Tables
- ATP's Benefit-Cost Studies to Date
- Framework of Analysis
- Study Timing and Uncertainties about Future Outcomes:
Contrasting Examples
- Identifying the Counterfactual and Attribution of Benefits—Contrasting Studies
- Which Metrics? Contrasting Projects in Component-Based
Software
- Which Metrics? Other Contrasting Studies
- Adjusting for Timing Differences across Studies and Projects: Constant $ and Base Year (Example 1: Ranking Does Not Change)
- Adjusting for Timing Differences across Studies and Projects: Constant $ and Base Year (Example 2: Ranking Changes)
List of Figures
- Adjusting to Constant 2005 Dollars
- Adjusting Base Year to 2005
Date created: July 11, 2006
Last updated:
July 12, 2006
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