Techniques Available for Estimating the Impact of Regulations

Francis Chittenden (), Stefano Iancich and Brian Sloan
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Francis Chittenden: Manchester Business School, University of Manchester

Chapter Chapter 4 in Business Regulation and Public Policy, 2009, pp 1-17 from Springer

Abstract: Abstract There are a considerable number of techniques and models for estimating the level of impact of regulations. Cost benefit analysis is considered particularly important for regulatory analysis. However, there is no definition of compliance costs that has gained wide acceptance. Disagreement exists about whether certain elements should be included in the calculation of compliance costs (e.g. “psychological costs” that are difficult to measure and quantify). This chapter offers a critical explanation of a variety of techniques that are in common use and then summarizes those that are adopted by governments around the world. A pre-requisite for any method is that relevant data should exist (or be collected) and that this data must be assembled in the most appropriate way. In the absence of these requirements, even the most suitable techniques will be subject to criticism.

Keywords: Small Business; Small Firm; Business Owner; Administrative Cost; Compliance Cost (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:inschp:978-0-387-77678-1_4

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DOI: 10.1007/978-0-387-77678-1_4

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