Retrospective Analysis: Structure

Abstract

This analysis uses benefit-cost analysis (BCA), to examine and value the effects of the National Flood Insurance Program (NFIP). The net social benefits (NSB) of a policy, the total benefits minus the total costs, is a monetary figure, usually measured in dollars. If the value is positive, there is a net social benefit to the program. If the value is negative, there is a net social cost to the program. The NSB of a policy can be compared to the status quo if not the current policy, other proposed policies, and against no alternative.