Economic Analyses at EPA: Assessing Regulatory Impact

Front Cover
Richard D. Morgenstern
Resources for the Future, 1997 - Political Science - 480 pages
For years, the Environmental Protection Agency has been conducting programmatic 'economic analyses,' also known as Regulatory Impact Analyses (RIAs), to assess the economic effects of its regulatory efforts. This important volume explains the purpose of these analyses, along with their design, execution, conclusions, and their ultimate impact on environmental rules. Richard Morgenstern, formerly director of EPA s Office of Policy Analysis, has assembled twelve original case studies of RIAs performed over the past decade on matters such as lead in gasoline, ozone depletion, asbestos, clean drinking water, and sewage management. The contributors, most of whom actually worked on these RIAs, provide detailed examination of why and how they were performed. The case studies critique the nature, amount, and quality of data used by the EPA in their benefit-cost and cost-effectiveness analyses as well as the use (or abuse) of the results in final decisionmaking. The authors illustrate how the analyses take into account difficult issues such as discounting, risk, nonmonetized benefits and costs, and equity. Morgenstern provides the necessary historical context and the legal framework for requiring and conducting EAs. He describes new procedures outlined by the Clinton administration and synthesizes the case studies into thoughtful cross-cutting conclusions, drawing important lessons that will improve future analyses.
 

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Contents

Rationale Issues
25
Lead in Gasoline
49
Water Pollution and the Organic Chemicals Industry
87
StratosphericOzone Depletion
131
Asbestos
171
Lead in Drinking Water
205
Municipal Landfill Management
233
Visibility at the Grand Canyon and the Navajo
267
Agricultural Pesticides and Worker Protection
303
Vehicle InspectionMaintenance
333
Municipal Sewage Sludge Management
365
Reformulated Gasoline
391
Great Lakes Water Quality Guidance
419
Benefits Costs Implications
455
Peer Reviewers
479
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About the author (1997)

Richard D. Morgenstern is a senior fellow at Resources for the Future.

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