This note summarizes the results of a social Cost–Benefit Analysis (CBA) of the High Luminosity upgrade of the Large Hadron Collider (HL-LHC). The social CBA methodology is well-suited to assess social costs and benefits of the HL-LHC up to 2038. The analysis shows that the ratio between incremental benefits and incremental costs of the HL-LHC with respect to operating the LHC under normal consolidation (i.e. without high-luminosity upgrade) is slightly over 1.7, meaning that each Swiss Franc invested in the HL-LHC upgrade project pays back approximately 1.7 CHF in societal benefits. The rest of the note is organized as follows. We first discuss the merits of CBA; next, we present the methodology and discuss the results.
Findings from the LHC/HL-LHC Programme / A. Bastianin - In: The Economics of Big Science : Essays by Leading Scientists and / [a cura di] H.P. Beck, P. Charitos. - [s.l] : Springer, 2021. - ISBN 9783030523909. - pp. 71-77
Titolo: | Findings from the LHC/HL-LHC Programme |
Autori: | BASTIANIN, ANDREA (Primo) (Corresponding) |
Settore Scientifico Disciplinare: | Settore SECS-P/01 - Economia Politica Settore SECS-P/02 - Politica Economica Settore SECS-P/03 - Scienza delle Finanze Settore SECS-P/06 - Economia Applicata |
Data di pubblicazione: | 2021 |
Digital Object Identifier (DOI): | http://dx.doi.org/10.1007/978-3-030-52391-6_10 |
Tipologia: | Book Part (author) |
Appare nelle tipologie: | 03 - Contributo in volume |
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Bastianin2021_Chapter_FindingsFromTheLHCHL-LHCProgra.pdf | Publisher's version/PDF | Open Access Visualizza/Apri |