Large disparities between willingness to accept (WTA) and willingness to pay (WTP) based values of statistical life are commonly encountered in empirical studies. Standard economic theory suggests that if a public good is easily substitutable there should be no marked disparity between WTA and...

A study, funded by Resource: The Council for Museums, Archives and Libraries, was undertaken in 2000‐2001 to give an up‐to‐date view of the current experience of outsourcing and externalization in libraries, museums and archives. Case studies of purchasers recognized as pioneers in the...

In recent years libraries worldwide have been affected by an uncertain financial environment in which resource buying has been restricted, causing them to look at ways of extending their purchasing capabilities to compensate for reduced budgets. In the UK, the British Library Research &...

Purpose – This paper is a thought experiment that investigates the possibilities of moving from the typical “just-in-case” model of managing legacy collections of printed monographs to a centralised “just-in-time” model. Design/methodology/approach – Reliable published statistical...

The aim of the study reported in this paper is to test the hypothesis that individual utility of wealth functions may violate the assumption of smoothness that underpins the standard analysis of the Value of Statistical Life (VSL) and safety. In order to do so we examine the way in which the...

Benefit–Cost Analyses for Security Policies describes how to undertake the evaluation of security policies within the framework of benefit–cost analysis and offers a unique contribution to analysis of homeland security regulations in the United States. The authors outline how...