Is there a role for benefit-cost analysis in environmental, health, and safety regulation?

Kenneth J. Arrow, Maureen L. Cropper, George C. Eads, Robert W. Hahn, Lester B. Lave, Roger G. Noll (), Paul R. Portney, Milson Russell, Richard Schmalensee, V. Kerry Smith and Robert Norman Stavins

Environment and Development Economics, 1997, vol. 2, issue 02, pages 195-221

Abstract: The growing impact of regulations on the economy has led both Congress and the Administration to search for new ways of reforming the regulatory process. Many of these initiatives call for greater reliance on the use of economic analysis in the development and evaluation of regulations. One specific approach being advocated is benefit-cost analysis, an economic tool for comparing the desirable and undesirable impacts of proposed policies.

Date: 1997
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