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Cost Benefit Analysis In The Regulatory Process
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Book Synopsis The Cost-benefit State by : Cass R. Sunstein
Download or read book The Cost-benefit State written by Cass R. Sunstein and published by American Bar Association. This book was released on 2002 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Cost/benefit Analysis in the Regulatory Process by : Kevin Edward McCarthy
Download or read book Cost/benefit Analysis in the Regulatory Process written by Kevin Edward McCarthy and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses to what extent other states use cost/benefit analysis in their regulation adoption process, either before or after a regulation is adopted.
Book Synopsis Federal Regulatory Reform Programs and the Use of Cost-benefit Analysis by :
Download or read book Federal Regulatory Reform Programs and the Use of Cost-benefit Analysis written by and published by . This book was released on 1984 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Benefit-cost Analysis Guide for Regulatory Programs by : Canada. Treasury Board. Regulatory Affairs
Download or read book Benefit-cost Analysis Guide for Regulatory Programs written by Canada. Treasury Board. Regulatory Affairs and published by . This book was released on 1995 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's federal regulatory policy contains mandatory requirements that departments and agencies, before sponsoring a regulation, must show that regulation is the best alternative and that the regulatory program is structured to maximise the gains to beneficiaries in relation to costs to Canadians. This document is a guide to the use of cost benefit analysis for demonstrating that a proposed regulation maximises net benefit. It reviews how cost benefit analysis fits into the regulatory process, provides a framework for choosing regulatory and non-regulatory alternatives, and describes the type and level of analysis that must be completed before preparing Regulatory Impact Analysis Statements. The guide ends with sections on evaluating impacts to business, consumer impact assessment, evaluation of risk and uncertainty, cost estimation, discounting, and evaluation of environmental quality & other public goods.
Author :Congressional Research Congressional Research Service Publisher :CreateSpace ISBN 13 :9781505587180 Total Pages :34 pages Book Rating :4.5/5 (871 download)
Book Synopsis Cost-Benefit and Other Analysis Requirements in the Rulemaking Process by : Congressional Research Congressional Research Service
Download or read book Cost-Benefit and Other Analysis Requirements in the Rulemaking Process written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-12-09 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory analytical requirements (e.g., cost-benefit and cost-effectiveness analysis) have been established incrementally during the last 40 to 50 years through a series of presidential and congressional initiatives. The current set of requirements includes Executive Order 12866 and Office of Management and Budget (OMB) Circular A-4, the Regulatory Flexibility Act (RFA), and the Unfunded Mandates Reform Act (UMRA). These requirements vary in terms of the agencies and rules they cover, and the types of analyses that are required. For example, a regulatory analysis under the Regulatory Flexibility Act is not required if the agency head certifies that the rule will not have a "significant economic impact on a substantial number of small entities." The most extensive and broadly applicable of the requirements are in Executive Order 12866 and OMB Circular A-4, but they do not apply to independent regulatory agencies. The statutes that provide rulemaking authority to independent regulatory agencies often require them to reconsider regulatory costs and benefits, and they often have less explicit requirements for cost-benefit analysis, if any. An OMB report indicated that independent regulatory agencies provided some information and costs and benefits in 76 of the 118 major rules they issued from FY2003 to FY2012. Cabinet departments and other agencies estimated monetary costs and benefits for some, but not all, of their rules. Several bills have been introduced in the 113th Congress that would codify and/or expand the current requirements for cost-benefit analysis. Congress could decide to keep the existing analytical framework in place, or could enact one or more of these reform proposals. Another more comprehensive approach could be to consolidate all of the analytical requirements in one place, and perhaps expand those requirements to include more agencies or rules, or to require different types of analysis. To do so, or to simply cover independent regulatory agencies by the executive order, the President could arguably amend Executive Order 12866 and OMB Circular A-4, or Congress could enact legislation. Any such changes must be cognizant of the state of existing law and practice in this area, and the resources and data required for agencies to carry out the analyses.
Book Synopsis Reviving Rationality by : Michael A. Livermore
Download or read book Reviving Rationality written by Michael A. Livermore and published by Oxford University Press, USA. This book was released on 2020-12-07 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 :United States. Congress. House. Committee on Government Reform. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs Publisher : ISBN 13 : Total Pages :196 pages Book Rating :4.F/5 ( download)
Book Synopsis Should Agencies be Allowed to Keep Americans in the Dark about Regulatory Costs and Benefits? by : United States. Congress. House. Committee on Government Reform. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs
Download or read book Should Agencies be Allowed to Keep Americans in the Dark about Regulatory Costs and Benefits? written by United States. Congress. House. Committee on Government Reform. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs and published by . This book was released on 1999 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cost-benefit Analysis in the Federal Rulemaking Process by : Blake I. Durham
Download or read book Cost-benefit Analysis in the Federal Rulemaking Process written by Blake I. Durham and published by . This book was released on 2012 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines a common concern voiced by proponents of regulatory reform in recent decades which has been that the costs associated with certain regulations outweigh the benefits that the regulations are intended to provide. To improve the quality and effectiveness of federal rules and minimize burden, regulatory reform proponents have frequently advocated greater use of a range of analytic tools during the rulemaking process, including cost-benefit analysis and cost-effectiveness analysis.
Book Synopsis Benefit-cost Analysis in Environmental, Health, and Safety Regulation by : Kenneth Joseph Arrow
Download or read book Benefit-cost Analysis in Environmental, Health, and Safety Regulation written by Kenneth Joseph Arrow and published by A E I Press. This book was released on 1996 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This primer highlights both the strengths and the limitations of benefit-cost analysis in the development, design, and implementation of regulatory reform.
Book Synopsis Retaking Rationality by : Richard L. Revesz
Download or read book Retaking Rationality written by Richard L. Revesz and published by Oxford University Press. This book was released on 2008-04-16 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis In Defense of the Economic Analysis of Regulation by : Robert W. Hahn
Download or read book In Defense of the Economic Analysis of Regulation written by Robert W. Hahn and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several scholars are highly skeptical of the use of cost-benefit analysis and other economic tools in regulatory decision making. Recently, these critics have focused on debunking economic summaries of regulatory activity, sometimes referred to as regulatory scorecards. The critics generally support less quantitative economic analysis of regulations. This monograph addresses the analytical concerns raised by the critics. It makes four points: First, summary measures of the impact of regulations have made important contributions to our understanding of the regulatory process, a point often overlooked by the critics; second, many of the critics' concerns could be addressed by making refinements to scorecards rather than wholly rejecting them as an analytical tool; third, some of the suggestions made by the critics are legitimate, but many are not; and finally, the solution to legitimate concerns raised by the critics is not to eliminate quantitative economic analysis but to gain a deeper understanding of its strengths and weaknesses and to use it wisely.
Book Synopsis The Globalization of Cost-Benefit Analysis in Environmental Policy by : Michael A. Livermore
Download or read book The Globalization of Cost-Benefit Analysis in Environmental Policy written by Michael A. Livermore and published by Oxford University Press. This book was released on 2013-02-21 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues in favor of using cost-benefit analysis globally and examines the positive impact it can have in developing countries using relevant case studies. The book discusses the potential for cost-benefit analysis to provoke a global shift toward stronger and more effective economic policies.
Book Synopsis Regulatory Budgeting and the Need for Cost-effectiveness in the Regulatory Process by : United States. Congress. Joint Economic Committee
Download or read book Regulatory Budgeting and the Need for Cost-effectiveness in the Regulatory Process written by United States. Congress. Joint Economic Committee and published by . This book was released on 1979 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regulatory Cost-Benefit Analysis and Collective Action by : Daniel H. Cole
Download or read book Regulatory Cost-Benefit Analysis and Collective Action written by Daniel H. Cole and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This updated draft paper explores the significant role Regulatory Cost-Benefit Analysis (RCBA) plays in facilitating or impeding collective action. Through case studies, the paper shows that well-constructed RCBAs have (1) facilitated collective action (including in cases where explicit consideration of costs is legally prohibited) by muting political opposition; and (2) helped to obstruct welfare-reducing rules from being promulgated. RCBAs can of course be manipulated to obstruct social welfare-improving collective action or to promote inefficient policies. However, the fact that RCBAs require transparency makes those efforts liable to discovery and disclosure, as in the case of the Bush Administration's failed "Clear Skies" initiative. The paper concludes with an assessment of implications of the case studies for our understanding of the role of RCBA in the regulatory process, and with a call for more qualitative and quantitative empirical research on the use and abuse of RCBA as a political tool in legislative and regulatory processes.
Book Synopsis The Scales of Weighing Regulatory Costs by : Jamison E. Colburn
Download or read book The Scales of Weighing Regulatory Costs written by Jamison E. Colburn and published by Edward Elgar Publishing. This book was released on 2018-11-30 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the calculation and evaluation of regulatory costs by regulators in accordance with a legislative mandate. A serious limitation in that enterprise, the possibility of technological change and innovation, often compromises those efforts and has long been under-appreciated in standard ‘cost-benefit analysis.’ Regulators who study the inducement of innovation and the avoidance of regulatory costs by the regulated often find significant cost-saving opportunities, leading to more stringent and more effective risk governance. Ultimately, the weighing of costs in this more elaborate model is more than simple welfare maximization. It views regulatory costs as important to society for a range of reasons, some grounded in fairness and some in deliberative process values, as a society seeks to minimize all costs over time.
Book Synopsis Regulatory Accounting by : Curtis W. Copeland
Download or read book Regulatory Accounting written by Curtis W. Copeland and published by DIANE Publishing. This book was released on 1999-12 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: The process of issuing and enforcing regulations is a basic tool of government, but the costs that nonfederal entities pay to comply with federal regulations are not accounted for in the federal budget process. This report provides information on the Office of Management and Budget's (OMB) 1997 and 1998 reports to Congress regarding the costs and benefits of federal regulations. Specifically, it describes, for each of 4 statutory requirements, (1) how OMB addressed the requirements in its reports and (2) the views of noted economists in the field of cost-benefit analysis regarding OMB's responses in these reports.
Book Synopsis Politics and Regulatory Policy Analysis by : Stuart Shapiro
Download or read book Politics and Regulatory Policy Analysis written by Stuart Shapiro and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many of the scholarly and political debates about cost-benefit analysis (CBA) focus on the merits or problems of the technique itself. But there has been little consideration of what role cost-benefit analysis has already had, and whether institutional constraints affect the regulatory process. Indeed, there is little empirical evidence that CBA makes regulation more cost effective or that CBA is an impediment to the regulatory process. Over the past two decades of federal regulation, executive review, and not CBA, has controlled the regulatory process.
