Massimo Florio and Chiara Pancotti, from CSIL and the University of Milan, authored a new paper published on Oxford Research Encyclopedia of Physics. The full-length article is freely available online.
“The Economics of Physics: The Social Cost-Benefit Analysis of Large Research Infrastructures” argues that large-scale Research Infrastructures in physics may take advantage of the scrutiny of social Cost-Benefit Analysis. It can either be used to complement the scientific case before a decision is taken or be performed several years later to assess the ex-post impact of the investment decision.
“The Economics of Physics: The Social Cost-Benefit Analysis of Large Research Infrastructures”