Regulatory Reform: Results and Challenges

Susan E. Dudley and Jerry Ellig

Journal of Benefit-Cost Analysis, 2025, vol. 16, issue S1, 44-59

Abstract: Over the last century, the United States has witnessed three approaches to achieving better regulatory outcomes: the removal of “economic” regulations in certain sectors; regulatory impact analysis (RIA) of new “social” regulations; and retrospective analysis of existing regulations. This article reviews the rationale for each approach, the results to date, and the remaining challenges. It finds that both institutional and technical factors influence the success of reform efforts.

Date: 2025
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