An Economic Evaluation of the Service Contract Act

ILR Review ◽  
1982 ◽  
Vol 36 (1) ◽  
pp. 56-72 ◽  
Author(s):  
Robert S. Goldfarb ◽  
John S. Heywood
Keyword(s):  
Economic Evaluation ◽  
Collective Bargaining ◽  
Research And Development ◽  
Cost Benefit ◽  
Service Contract ◽  
Federal Research ◽  
Federal Contracts ◽  
The Cost ◽  
Low Wages ◽  
The Way

The Service Contract Act of 1965 is one of three major laws requiring that “prevailing wages” be paid by private employers with federal contracts. This paper develops a preliminary cost-benefit framework for evaluating that Act. On the benefit side, the authors identify and analyze eight possible rationales for the Act, such as the desire to prevent low wages and to encourage collective bargaining. The authors find most of the rationales to be intellectually unsatisfactory, especially in light of the way in which the Act has actually been administered. On the cost side, the authors develop a methodology for estimating the wage costs of the Act, using as an example the cost of extending coverage to federal research and development contracts. The authors also describe changes in the Act's administrative rules proposed recently by the Carter and Reagan administrations.

scholarly journals THE COST-BENEFIT ANALYSIS OF THE ROMANIAN NATIONAL GAMBLING OFFICE

2020 ◽  
Vol 13(62) (2) ◽  
pp. 157-166
Author(s):  
Ștefan Bulboacă ◽  
Ovidiu Mircea Țierean
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Effects ◽  
Public Institution ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Societal Costs ◽  
Gambling Industry ◽  
The Cost ◽  
The Way

"This paper aims to evaluate the economic effects that the Romanian National Gambling Office has over the gambling industry and to determine whether this public institution brings enough benefits to cover the costs. The aim of the research was to gather information about the Romanian gambling industry, the way that this industry is managed and to make a comparison between its societal costs and benefits. "

scholarly journals An Economic Evaluation of Fusiform Rust Protection Research

2000 ◽  
Vol 24 (2) ◽  
pp. 77-85 ◽  
Author(s):  
Frederick W. Cubbage ◽  
John M. Pye ◽  
Thomas P. Holmes ◽  
John E. Wagner
Keyword(s):  
Economic Evaluation ◽  
Research And Development ◽  
Loblolly Pine ◽  
Genetic Resistance ◽  
Slash Pine ◽  
Fusiform Rust ◽  
Financial Benefits ◽  
Simulation Results ◽  
The Cost ◽  
Benefit Cost

Abstract Fusiform rust is a widespread and damaging disease of loblolly pine (P. taeda) and slash pine (P. elliottii) in the South. Research has identified families of these pines with improved genetic resistance to the disease, allowing production and planting of resistant seedlings in areas at risk. This study compared the cost of fusiform rust research to the simulated benefits of rust resistant seedlings in plantations that have been or are projected to be established Southwide between 1970 and 2020. Results showed that compounded fusiform rust research costs of $49 million in 1992 will return discounted benefits to plantation owners of between $l08 and $999 million in 1992, at a 4% real discount rate. The most probable targeting of rust resistant seedlings would provide estimated discounted benefits of fusiform rust protection of about $200 to $300 million in 1992, or annual discounted benefits of $40 to $60 million. This would generate benefit-cost ratios of about 4:1 to 6:1 for fusiform rust research. Currently anticipated improvements in resistance will not eliminate all physical and financial damages from the disease; simulation results indicate substantial financial benefits yet remain for additional research and development. South. J. Appl. For. 24(2):77-85.

scholarly journals Systematic Review of the Economic Evaluation of Returning Incidental Findings in Genomic Research

2021 ◽  
Vol 9 ◽  
Author(s):  
Mayara Fontes Marx ◽  
John E. Ataguba ◽  
Jantina de Vries ◽  
Ambroise Wonkam
Keyword(s):  
Economic Evaluation ◽  
Cost Effectiveness ◽  
Cost Analysis ◽  
Incidental Findings ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Cost Utility ◽  
Genomic Sequencing ◽  
Benefit Analysis ◽  
The Cost

Objectives: Discussions regarding who and how incidental findings (IFs) should be returned and the ethics behind returning IFs have increased dramatically over the years. However, information on the cost and benefits of returning IFs to patients remains scanty.Design: This study systematically reviews the economic evaluation of returning IFs in genomic sequencing. We searched for published articles on the cost-effectiveness, cost-benefit, and cost-utility of IFs in Medline, Scopus, PubMed, and Google Scholar.Results: We found six published articles that met the eligibility criteria of this study. Two articles used cost analysis only, one used cost-benefit analysis only, two used both cost analysis and cost-effectiveness, and one used both cost-benefit analysis and cost-utility to describe the cost of returning IFs in genomic sequencing.Conclusion: While individuals value the IF results and are willing to pay for them, the cost of returning IFs depends on the primary health condition of the patient. Although patients were willing to pay, there was no clear evidence that returning IFs might be cost-effective. More rigorous economic evaluation studies of IFs are needed to determine whether or not the cost of returning IFs is beneficial to the patient.

Exploring the blurred nature of strategic linkages across the BSC

2014 ◽  
Vol 10 (4) ◽  
pp. 486-515 ◽  
Author(s):  
Francesca Francioli ◽  
Lino Cinquini
Keyword(s):  
Balanced Scorecard ◽  
Cost Benefit ◽  
Content Type ◽  
Cause And Effect ◽  
The Cost ◽  
Human Actors ◽  
Depth Interviews ◽  
The Way

Purpose – The research aims at addressing the way in which linkages based on qualitative causality could be preferred in designing a balanced scorecard (BSC), by applying a cost-benefit judgment with respect to the complexity of defining strong, statistically reliable cause-and-effect relations among performance measures. Design/methodology/approach – The authors review the way in which cause-and-effect relations across the BSC have been developed based on a case study of BSC implemented in an Italian bank collecting data by in-depth interviews and company’s internal archives. Findings – The research reveals how the ambiguity, or “blurred nature”, of strategic linkages is recognized in the empirical setting of an bank, facing a highly uncertain and complex environment and how the orthodox tools of strategy maps and explicit cause-and-effect linkages prescribed by the theoretical literature are avoided by the human actors. Despite these omissions, the BSC is nevertheless effective. As the case shows, it generated a “democracy” where individuals and departments communicate, commit and collaborate in an effort to implement strategy. The research also shows the role of the BSC in heightening the importance and awareness of performance evaluation among the actors. Practical implications – The research provides practitioners with insights into how to design and manage cause-and-effect relationships in BSC. In particular, evidence is provided that finality linkages in BSC may be successful in use and predictive capabilities, according with expectations and purposes of the organization’s “climate of control”, in a context in which the cost-benefit philosophy in implementing BSC is followed. Originality/value – The paper addresses an issue of practical relevance in the implementation of BSC showing a discrepancy between theoretical and practical meaning of causality. Besides the research highlights, the extent to which linkages across the BSC perspectives (and related measures and variables) can only be based on individual assumptions about the means to an end and based on qualitative assertions (finality).

Economic evaluation and priority setting: an overview

2017 ◽  
Author(s):  
Jan Abel Olsen
Keyword(s):  
Economic Evaluation ◽  
Cost Effectiveness ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Cost Utility ◽  
Economic Evaluations ◽  
Benefit Analysis ◽  
Utility Analysis ◽  
The Cost ◽  
Evaluation Techniques

This chapter provides an overview of the methodologies that come under the umbrella term of economic evaluation in healthcare. Economic evaluations seek to identify, measure, value, and compare alternative programmes. A taxonomy is developed to distinguish economic evaluation techniques depending on whether benefits have been measured in money terms or not, and whether benefits are based on preferences or not. When benefits are measured in money terms, it is referred to as a cost–benefit analysis (CBA). If benefits are measured in health terms, some sort of cost-effectiveness analysis (CEA) is being used. An important class of CEA is what has come to be labelled ‘cost-utility-analysis’ (CUA). The chapter explains the incremental cost-effectiveness ratio (ICER) and illustrates the cost-effectiveness plane. Finally, the idea of discounting health is discussed.

Hostile Takeovers and Anti-takeover Defenses in the Russian Corporate Market

2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Hostile Takeovers ◽  
Russian Market ◽  
Takeover Defenses ◽  
The Cost ◽  
European Markets

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.

The Evolutionary Psychology of Scientific Publishing: Cost-Benefit Optimization of Players in the Game

2019 ◽  
Author(s):  
Milind Watve
Keyword(s):  
Peer Review ◽  
Current System ◽  
Critical Mass ◽  
Cost Benefit ◽  
Active Role ◽  
Scientific Publishing ◽  
Collective Goal ◽  
The Cost ◽  
Collective Goals ◽  
Innate Tendency

Peer reviewed scientific publishing is critical for communicating important findings, interpretations and theories in any branch of science. While the value of peer review is rarely doubted, much concern is being raised about the possible biases in the process. I argue here that most of the biases originate in the evolved innate tendency of every player to optimize one’s own cost benefits. Different players in the scientific publishing game have different cost-benefit optima. There are multiple conflicts between individual optima and collective goals. An analysis of the cost-benefit optima of every player in the scientific publishing game shows how and why biases originate. In the current system of publishing, by optimization considerations, the probability of publishing a ‘bad’ manuscript is relatively small but the probability of rejecting a ‘good’ manuscript is very high. By continuing with the current publishing structure, the global distribution of the scientific community would be increasingly clustered. Publication biases by gender, ethnicity, reputation, conformation and conformity will be increasingly common and revolutionary concepts increasingly difficult to publish. Ultimately, I explore the possibility of designing a peer review publishing system in which the conflicts between individual optimization and collective goal can be minimized. In such a system, if everyone behaves with maximum selfishness, biases would be minimized and the progress towards the collective goal would be faster and smoother. Changing towards such a system might prove difficult unless a critical mass of authors take an active role to revolutionize scientific publishing.

Active and Trust Based Packet Transfer Method via Route Tracking for Wireless Sensor Networks

2019 ◽  
Vol 8 (6S2) ◽  
pp. 221-224
Keyword(s):  
Wireless Sensor Networks ◽  
Sensor Networks ◽  
Wireless Sensor ◽  
Sensor Systems ◽  
Remote Sensor ◽  
Dynamic Source ◽  
Transfer Method ◽  
The Cost ◽  
Ebb And Flow ◽  
The Way

Trust is critical in remote sensor systems to exchange the information from source to goal. The Dynamic Source Protocol computes the substitute way, if any hub neglects to exchange the information. The Dynamic Source Protocol does not have any worked in usefulness to figure a substitute way if the way has a vindictive hub. With the cost of an interloper recognition framework we can identify the vindictive hub and modify the information/parcel exchange way. Notwithstanding, gatecrasher location framework is extremely costly for remote sensor systems and there is no certification in identifying a malevolent hub. In the ebb and flow look into a trust-based approach is prescribed to limit the overheads of gatecrasher location framework and it likewise recognizes the anomalous conduct hubs. The proposed demonstrate utilizes the rehashed recreations to distinguish flawed hubs through the agreeable exertion in the sensor organize and additionally judges the trust of progressive hubs. Reenactments were exhibited for standardized result of parcel dropping, normal rebate result, and trust connection.

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