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The Cost Benefit State
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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 The Cost-Benefit Revolution by : Cass R. Sunstein
Download or read book The Cost-Benefit Revolution written by Cass R. Sunstein and published by MIT Press. This book was released on 2019-09-24 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis New Foundations of Cost-Benefit Analysis by : Matthew D. Adler
Download or read book New Foundations of Cost-Benefit Analysis written by Matthew D. Adler and published by Harvard University Press. This book was released on 2006-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. This book not only places cost-benefit analysis on a firmer theoretical foundation, but also has many practical implications for how government agencies should undertake cost-benefit studies.
Book Synopsis Codifying the Cost-Benefit State by : Brian Mannix
Download or read book Codifying the Cost-Benefit State written by Brian Mannix and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost fifty years of presidential direction and agency practice, combined with ten years of increasing encouragement from the Supreme Court, suggest that the cost-benefit state has not only arrived, but is well past its introductory season. Benefit-cost balancing is now a dominant paradigm in administrative law for evaluating federal agencies' exercise of delegated regulatory discretion. In response to increased scrutiny upon judicial review, agencies have taken steps to firm up their benefit-cost analyses. Still, despite multiple Executive Orders and supplementary guidance, neither executive nor legislative action has produced a clear set of justiciable standards against which courts can evaluate agency analyses for adequacy. Some agencies have recently initiated rulemakings to codify their own analytical procedures under particular laws. While this statute-by-statute interpretive approach may be useful, it is unlikely to provide consistency across government or broadly-applicable tools for courts to use in varying regulatory domains. The time might be right to develop judicially-enforceable, government-wide standards for the use of benefit-cost analysis in rulemaking. Others have examined theories of judicial authority to require and to review agency benefit-cost balancing in rulemaking. In this article we focus instead on the executive's authority to write a cross-government “rule-on-rules” to govern regulatory analysis, including benefit-cost analysis and the courts' authority to enforce such a rule. While such a rule would probably lack direct statutory authorization under current law, we offer the example of the Council on Environmental Quality (CEQ) regulations, which govern agencies' use of Environmental Impact Statements, to illustrate how the absence of express statutory authority is not necessarily fatal to the project, particularly when it promises to produce tools that judges will find useful in carrying out their Article III responsibilities. In Section I, we review the rise of the cost-benefit state as a result of its development in the executive branch and its treatment by the courts. In Section II, we examine theories of judicial authority to require benefit-cost analysis (BCA). Section III describes a nascent efforts by one agency to codify its own use of BCA, presents the question of whether a broader, cross-cutting “rule-on-rules” that lacks clear statutory authority would be judicially enforceable, and describes the CEQ analog as a potential precedent. In Section IV, we review the constitutional authorities that might support a cross-cutting BCA rule, and present two theories to support judicial enforcement of such a rule.
Download or read book Simpler written by Cass R. Sunstein and published by Simon and Schuster. This book was released on 2013-04-09 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simpler government arrived four years ago. It helped put money in your pocket. It saved hours of your time. It improved your children’s diet, lengthened your life span, and benefited businesses large and small. It did so by issuing fewer regulations, by insisting on smarter regulations, and by eliminating or improving old regulations. Cass R. Sunstein, as administrator of the most powerful White House office you’ve never heard of, oversaw it and explains how it works, why government will never be the same again (thank goodness), and what must happen in the future. Cutting-edge research in behavioral economics has influenced business and politics. Long at the forefront of that research, Sunstein, for three years President Obama’s “regulatory czar” heading the White House Office of Information and Regulatory Affairs, oversaw a far-reaching restructuring of America’s regulatory state. In this highly anticipated book, Sunstein pulls back the curtain to show what was done, why Americans are better off as a result, and what the future has in store. The evidence is all around you, and more is coming soon. Simplified mortgages and student loan applications. Scorecards for colleges and universities. Improved labeling of food and energy-efficient appliances and cars. Calories printed on chain restaurant menus. Healthier food in public schools. Backed by historic executive orders ensuring transparency and accountability, simpler government can be found in new initiatives that save money and time, improve health, and lengthen lives. Simpler: The Future of Government will transform what you think government can and should accomplish.
Book Synopsis Risk and Reason by : Cass R. Sunstein
Download or read book Risk and Reason written by Cass R. Sunstein and published by Cambridge University Press. This book was released on 2002 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Book Synopsis Cost-Benefit Analysis by : Tevfik F. Nas
Download or read book Cost-Benefit Analysis written by Tevfik F. Nas and published by Lexington Books. This book was released on 2016-07-29 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the principles of welfare economics and public finance, this second edition of Cost-Benefit Analysis: Theory and Application provides the theoretical foundation for a general framework within which costs and benefits are identified and assessed from a societal perspective. With a thorough coverage of cost-benefit concepts and their underlying theory, the volumecarries the reader through the steps of a typical evaluation process, including the identification, measurement, and comparison of costs and benefits, and project selection. Topics include alternative measures of welfare change, such as the concepts of consumer surplus and compensating and equivalent variation measures, shadow pricing, nonmarket valuation techniques of contingent valuation and discrete choice experiment, perspectives on what constitutes a theoretically acceptable discount rate, the social rate of time preference, income distribution, and much more. The book also focuses on real-world applications of cost-benefit analysis in two closely related areas—environment and health care—followed by an examination of the current state of the art in cost-benefit analysis as practiced by international agencies.
Book Synopsis Well-Being and Fair Distribution by : Matthew Adler
Download or read book Well-Being and Fair Distribution written by Matthew Adler and published by . This book was released on 2012 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive philosophically grounded argument for the use of social welfare functions as a framework for governmental policy analysis.
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.
Book Synopsis Cost-Benefit Analysis by : Tevfik F. Nas
Download or read book Cost-Benefit Analysis written by Tevfik F. Nas and published by SAGE. This book was released on 1996-02-14 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author introduces "the foundation of relevant economic theory," outlines "the steps involved in a typical cost-benefit analysis," and addresses "topics such as consumer surplus, compensating variation, equivalent variation, shadow pricing, income distribution, and much more."--Cover.
Download or read book Valuing Life written by Cass R. Sunstein and published by University of Chicago Press. This book was released on 2014-09-05 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Franklin's algebra -- Inside government -- Human consequences, or the real world of cost-benefit analysis -- Dignity, financial meltdown, and other nonquantifiable things -- Valuing life, 1: problems -- Valuing life, 2: solutions -- The morality of risk -- What scares us -- Epilogue: four ways to humanize the regulatory state -- Appendix A: Executive Order 13563 of January 18, 2011 -- Appendix B: the social cost of carbon -- Appendix C: estimates of benefits and costs of selected federal regulations -- Appendix D: selected examples of breakeven analysis -- Appendix E: values for mortality and morbidity.
Book Synopsis Cost-benefit Analysis by : Matthew D. Adler
Download or read book Cost-benefit Analysis written by Matthew D. Adler and published by . This book was released on 2001-01-01 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost-benefit analysis is a widely used governmental evaluation tool, though academics remain skeptical. This volume gathers prominent contributors from law, economics, and philosophy for discussion of cost-benefit analysis, specifically its moral foundations, applications and limitations. This new scholarly debate includes not only economists, but also contributors from philosophy, cognitive psychology, legal studies, and public policy who can further illuminate the justification and moral implications of this method and specify alternative measures. These articles originally appeared in the Journal of Legal Studies. Contributors: - Matthew D. Adler - Gary S. Becker - John Broome - Robert H. Frank - Robert W. Hahn - Lewis A. Kornhauser - Martha C. Nussbaum - Eric A. Posner - Richard A. Posner - Henry S. Richardson - Amartya Sen - Cass R. Sunstein - W. Kip Viscusi
Download or read book Pricing Nature written by Nick Hanley and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: An impressive piece of work that deserves to be on every European agricultural economist s bookshelf. Jean-Christophe Bureau, European Review of Agricultural Economics This is an excellent text that could be used in specialist academic courses in environmental and natural resource economics, ecological economics and cost benefit analysis, as well as in interdisciplinary courses in public policy, planning and environmental management. David James, Australasian Journal of Environmental Management Cost Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. Nick Hanley and Edward Barbier show how CBA can be applied to environmental policy choice and environmental resource management. They cover the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from Europe, North America and developing countries. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus. The textbook is aimed at students on inter-disciplinary courses as well as those studying environmental economics, welfare economics and public policy. It will also be of interest to people in the policy community, NGOs and consultancy sectors.
Book Synopsis Cass Sunstein's Cost-Benefit Lite by : Amy Sinden
Download or read book Cass Sunstein's Cost-Benefit Lite written by Amy Sinden and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Book Review: Cass R. Sunstein, The Cost-Benefit State: The Future of Regulatory Protection (ABA Section of Administrative Law and Regulatory Practice, 2002) Cass R. Sunstein, Risk and Reason: Safety, Law, and the Environment (Cambridge University Press, 2002) In these two books, Professor Sunstein promotes cost-benefit analysis (CBA) as the presumptively correct decisionmaking tool for virtually all environmental health and safety regulation. His claims are both normative and descriptive. By avoiding the usual welfare economics defense of CBA, his normative claim sets aside the external critiques of CBA (like the incommensurability problem), and offers instead a set of "pragmatic" justifications: 1) CBA will rationalize government decisionmaking and reduce the undue influence of interest groups that exploit "cognitive distortions" that cause ordinary people to inaccurately assess risks; 2) CBA will increase transparency by forcing regulators to evaluate and describe the full array of consequences flowing from proposed regulations. These justifications are ultimately unconvincing because Professor Sunstein fails to take seriously the central concern of the internal critiques of CBA - indeterminacy. Ironically, when he tests his theories in practice with a careful and cogent case study of EPA's CBA of arsenic in drinking water, he discovers indeterminacy of an astonishing magnitude. He concludes that reasonable people might peg the benefits of the arsenic rule as low as $13 million or as high as $3.4 billion. Though he remains staunchly committed to CBA, the indeterminacy of CBA fatally undermines both of his "pragmatic" justifications. On the descriptive side, Professor Sunstein claims that the United States is becoming a "Cost-Benefit State" and that, as part of this trend, federal courts are adopting a set of "cost-benefit default principles" under which they apply a presumption in favor of CBA to their review of agency decisionmaking. A close look at these cases, however, reveals that in many instances results that he attributes to the "default principles" are more easily explained by reference to the specific statutory language at issue or as classic and not particularly remarkable applications of traditional administrative law principles. Moreover, on the two occasions on which the "default principles" have been tested in the U.S. Supreme Court, they have been roundly rejected.
Book Synopsis Cost-Benefit Analysis and the Environment Recent Developments by : OECD
Download or read book Cost-Benefit Analysis and the Environment Recent Developments written by OECD and published by OECD Publishing. This book was released on 2006-01-30 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment.
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.
Author :Colorado. Department of Regulatory Agencies. Office of Policy, Research, and Regulatory Reform Publisher : ISBN 13 : Total Pages :42 pages Book Rating :4.:/5 (622 download)
Book Synopsis Provisions Governing the Preparation of a Cost-benefit Analysis by State Agencies Under the State Administrative Procedure Act by : Colorado. Department of Regulatory Agencies. Office of Policy, Research, and Regulatory Reform
Download or read book Provisions Governing the Preparation of a Cost-benefit Analysis by State Agencies Under the State Administrative Procedure Act written by Colorado. Department of Regulatory Agencies. Office of Policy, Research, and Regulatory Reform and published by . This book was released on 2005 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
