In Defense of the Economic Analysis of Regulation
"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 JACKET.
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Criticisms of the Governments Numbers Studies
In Support of Regulatory Scorecards and
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$7 million AEI-Brookings Joint Center aggregate net benefits Analysis of Regulation antiregulatory approach argue base benefits and costs benefits of regulation best estimate Cass Sunstein Center for Regulatory cited in note cost estimates cost savings cost-benefit analysis cost-benefit test cost-effectiveness costs and benefits costs of regulations critics critique decision discount rate discussion dollars Earth Day economic analysis Emissions Emissions Trading Eric Posner ex-ante example fail a cost-benefit federal regulations Government Numbers government's numbers Grading the Government Heinzerling and Ackerman hereinafter issues Kip Viscusi Life-Saving Interventions Lutter monetized benefits Morrall Morrall's NHTSA Opportunity Costs OSHA-S Parker pass a cost-benefit percent pollution Pricing the Priceless problem quantitative range reduce Regulations Passing regulations that pass regulatory impact analyses regulatory scorecards Regulatory Studies RIAs Risk and Reason Robert W Hahn rules safety selection bias standards Stephen Breyer suggests tion uncertainty unquantified zero benefits