Professor Emeritus, Economics
Contact Information
Email: farrow@umbc.edu
Research Interests
Benefit-Cost, Environmental Economics and Risk Analysis.
Recent/Selected Publications
“The Value of Homeland Security Research”, Risk Analysis, 40(3):450-475, 2019 (Von Winterfeldt, D., R. John, J. Eyer, A. Rose and H. Rosoff)
“Welfare Economics: Bridging the Partial and General Equilibrium Gap”, Journal of Benefit-Cost Analysis, Spring, 2018. JBCA Paper of the year, 2018 (with A. Rose)
“Cybersecurity: Integrating Information into the Microeconomics of the Consumer and the Firm”. Journal of Information Security, J. of Information Security, 7:281-290, 2016.
“Cybersecurity Investment Guidance: Extensions of the Gordon and Loeb Model”, J. of Information Security, 7:15-28, 2016 (with J. Szanton).
“Residual Risk Accounting: A Pilot Study”, Review of Income and Wealth, Summer, 2015.
“Slot Machine Payback Percentages: The Devil is in the Moment”, Journal of Gambling Business and Economics (with J. Costa, ) 8(2):55-71, 2014
Principles and Standards for Benefit-Cost Analysis, Farrow, S. and R. Zerbe, eds., Edward Elgar, Cheltenham, March, 2013.
“How (Not) to Lie with Benefit-Cost Analysis”, Economists’ Voice, December, 10(1):45-50, 2013.
“Comparing multi-state expected damages, option price and cumulative prospect measures for valuing flood protection”, Water Resources Research, 49(5):2638-2648, 2013 (with M. Scott).
“News and Social Costs: The Case of Oil Spills and Distant Viewers,” Journal of Benefit-Cost Analysis, 3(4):#4, pp. 1-22, 2012 (with D. Larson).
“A Missing Error Term in Benefit-Cost Analysis,” Environmental Science and Technology, 46(5):2523-2528, 2012.
“The Economics of Homeland Security Expenditures: Foundational Expected Cost-Effectiveness Approaches,” Contemporary Economic Policy, January, pp. 14-26, 2007.
(For a complete list of publications, see Curriculum Vitae)