Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and Art
Alan Krupnick (),
Michael Toman and
Raymond Kopp ()
Discussion Papers from Resources For the Future
The continuing efforts in the 104th Congress to legislate requirements for cost-benefit analysis (CBA) and the revised Office of Management and Budget guidelines for the conduct of such assessments during a regulatory rulemaking process highlight the need for a comprehensive examination of the role that CBA can play in agency decision-making. This paper summarizes the state of knowledge regarding CBA and offers suggestions for improvement in its use, especially in the context of environmental regulations.
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Working Paper: Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and the Art (1997)
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