Use Of Cost Benefit Analysis By Regulatory Agencies
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Author | : Richard L. Revesz |
Publisher | : Oxford University Press |
Total Pages | : 263 |
Release | : 2008-04-16 |
Genre | : Law |
ISBN | : 0199887977 |
That America's natural environment has been degraded and despoiled over the past 25 years is beyond dispute. Nor has there been any shortage of reasons why-short-sighted politicians, a society built on over-consumption, and the dramatic weakening of environmental regulations. In Retaking Rationality, Richard L. Revesz and Michael A. Livermore argue convincingly that one of the least understood-and most important-causes of our failure to protect the environment has been a misguided rejection of reason. The authors show that environmentalists, labor unions, and other progressive groups have declined to participate in the key governmental proceedings concerning the cost-benefit analysis of federal regulations. As a result of this vacuum, industry groups have captured cost-benefit analysis and used it to further their anti-regulatory ends. Beginning in 1981, the federal Office of Management and Budget and the federal courts have used cost-benefit analysis extensively to determine which environmental, health, and safety regulations are approved and which are sent back to the drawing board. The resulting imbalance in political participation has profoundly affected the nation's regulatory and legal landscape. But Revesz and Livermore contend that economic analysis of regulations is necessary and that it needn't conflict with-and can in fact support-a more compassionate approach to environmental policy. Indeed, they show that we cannot give up on rationality if we truly want to protect our natural environment. Retaking Rationality makes clear that by embracing and reforming cost-benefit analysis, and by joining reason and compassion, progressive groups can help enact strong environmental and public health regulation.
Author | : Cass R. Sunstein |
Publisher | : American Bar Association |
Total Pages | : 220 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9781590310540 |
This book discusses the current topic of Federal Government regulations increasingly assessed by asking whether the benefits of the regulation justifies the cost of the regulation.
Author | : Kenneth Joseph Arrow |
Publisher | : A E I Press |
Total Pages | : 34 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : |
This primer highlights both the strengths and the limitations of benefit-cost analysis in the development, design, and implementation of regulatory reform.
Author | : Institute of Medicine |
Publisher | : National Academies Press |
Total Pages | : 382 |
Release | : 2006-04-28 |
Genre | : Medical |
ISBN | : 0309164842 |
Promoting human health and safety by reducing exposures to risks and harms through regulatory interventions is among the most important responsibilities of the government. Such efforts encompass a wide array of activities in many different contexts: improving air and water quality; safeguarding the food supply; reducing the risk of injury on the job, in transportation, and from consumer products; and minimizing exposure to toxic chemicals. Estimating the magnitude of the expected health and longevity benefits and reductions in mortality, morbidity, and injury risks helps policy makers decide whether particular interventions merit the expected costs associated with achieving these benefits and inform their choices among alternative strategies. Valuing Health for Regulatory Cost-Effectiveness Analysis provides useful recommendations for how to measure health-related quality of- life impacts for diverse public health, safety, and environmental regulations. Public decision makers, regulatory analysts, scholars, and students in the field will find this an essential review text. It will become a standard reference for all government agencies and those consultants and contractors who support the work of regulatory programs.
Author | : Cass R. Sunstein |
Publisher | : MIT Press |
Total Pages | : 286 |
Release | : 2019-09-24 |
Genre | : Political Science |
ISBN | : 0262538016 |
Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes. Opinions on government policies vary widely. Some people feel passionately about the child obesity epidemic and support government regulation of sugary drinks. Others argue that people should be able to eat and drink whatever they like. Some people are alarmed about climate change and favor aggressive government intervention. Others don't feel the need for any sort of climate regulation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements really involve facts, not values. It follows that government policy should not be based on public opinion, intuitions, or pressure from interest groups, but on numbers—meaning careful consideration of costs and benefits. Will a policy save one life, or one thousand lives? Will it impose costs on consumers, and if so, will the costs be high or negligible? Will it hurt workers and small businesses, and, if so, precisely how much? As the Obama administration's “regulatory czar,” Sunstein knows his subject in both theory and practice. Drawing on behavioral economics and his well-known emphasis on “nudging,” he celebrates the cost-benefit revolution in policy making, tracing its defining moments in the Reagan, Clinton, and Obama administrations (and pondering its uncertain future in the Trump administration). He acknowledges that public officials often lack information about costs and benefits, and outlines state-of-the-art techniques for acquiring that information. Policies should make people's lives better. Quantitative cost-benefit analysis, Sunstein argues, is the best available method for making this happen—even if, in the future, new measures of human well-being, also explored in this book, may be better still.
Author | : Michael A. Livermore |
Publisher | : Oxford University Press, USA |
Total Pages | : 305 |
Release | : 2020-12-07 |
Genre | : Law |
ISBN | : 0197539440 |
Politics and regulation -- A threatening synthesis -- Staying in bounds -- A retreat from reason -- The illusion of costs without benefits -- Erasing public health science -- Resurrecting discredited models -- Ignoring indirect benefits -- Trivializing climate change -- Manipulating transfers -- Future directions -- Improving the guardrails.
Author | : Matthew Adler |
Publisher | : |
Total Pages | : 656 |
Release | : 2012 |
Genre | : Law |
ISBN | : 0195384997 |
A comprehensive philosophically grounded argument for the use of social welfare functions as a framework for governmental policy analysis.
Author | : Karine Nyborg |
Publisher | : Routledge |
Total Pages | : 136 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 041558650X |
Putting a price tag on the environment is controversial. The aim of this book is to discuss some of the ethical and political issues arising in the context of applied cost-benefit analysis and environmental valuation - and to do so using economic analysis, but in a language accessible to non-specialists. In particular, the author emphasizes the fundamental, but surprisingly often poorly understood distinction between normative and positive analysis, and the implications of this distinction for practical use of cost-benefit analyses.
Author | : Stuart Shapiro |
Publisher | : Edward Elgar Publishing |
Total Pages | : 193 |
Release | : 2016-02-26 |
Genre | : Business & Economics |
ISBN | : 1784714763 |
How do we incorporate analytical thinking into public policy decisions? Stuart Shapiro confronts this issue in Analysis and Public Policy by looking at various types of analysis, and discussing how they are used in regulatory policy-making in the US. By looking at the successes and failures of incorporating cost-benefit analysis, risk assessment, and environmental impact assessment, he draws broader lessons on its use, focusing on the interactions between analysis and political factors, legal structures and bureaucratic organizations as possible areas for reform. Utilizing empirical and qualitative research, Shapiro analyzes four different forms of analysis: cost-benefit analysis, risk assessment, environmental impact assessment, and impact analysis. After interviewing nearly fifty individuals who have served in high levels of government, and who have made countless regulatory policy decisions in their careers, Shapiro argues that advocates must become less ambitious and should craft requirements for simpler and clearer analysis. Such analysis, particularly if informed by public participation, can do a great deal to improve government decisions. As this book details the relationship between analysis and institutional factors such as politics, bureaucracy, and law, it is appropriate for a variety of readers, such as scholars of policy, students, scholars of regulation, and congressional and state legislative staff looking to create new analytical requirements.
Author | : |
Publisher | : WEDC, Loughborough University |
Total Pages | : 15 |
Release | : |
Genre | : |
ISBN | : 1843800144 |