R. Scott Farrow

Ph.D., Washington State University

farrow1Professor Emeritus, Economics

Contact Information

Email: farrow@umbc.edu

Curriculum Vitae

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)