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

Kenneth Arrow, Maureen Cropper, George C. Eads, Robert Hahn, Lester Lave, Roger Noll, Paul R. Portney, Milson Russell, Richard Schmalensee, V. Smith and Robert Stavins

Environment and Development Economics, 1997, vol. 2, issue 2, 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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