Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and Art
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-97-19.
Date of creation: 01 Jan 1997
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kip Viscusi, W. & Magat, Wesley A. & Huber, Joel, 1991. "Pricing environmental health risks: survey assessments of risk-risk and risk-dollar trade-offs for chronic bronchitis," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 32-51, July.
- Jorgenson, D.W. & Slesnick, D. & Wilcoxen, P.J., 1992. "Carbon Taxes and Economic Welfare," Harvard Institute of Economic Research Working Papers 1589, Harvard - Institute of Economic Research.
- Magnus Johannesson & Per-Olov Johansson, 1997. "The value of life extension and the marginal rate of time preference: a pilot study," Applied Economics Letters, Taylor & Francis Journals, vol. 4(1), pages 53-55.
- Karen Palmer & Wallace E. Oates & Paul R. Portney, 1995. "Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 119-132, Fall.
- Viscusi, W. Kip, 1996. "Fatal Tradeoffs: Public and Private Responsibilities for Risk," OUP Catalogue, Oxford University Press, number 9780195102932.
- Colin F. Camerer & Howard Kunreuther, 1989. "Decision processes for low probability events: Policy implications," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 8(4), pages 565-592.
- Jones-Lee, M W & Hammerton, M & Philips, P R, 1985. "The Value of Safety: Results of a National Sample Survey," Economic Journal, Royal Economic Society, vol. 95(377), pages 49-72, March.
- Bryan G. Norton, 1994. "Economists' Preferences and the Preferences of Economists," Environmental Values, White Horse Press, vol. 3(4), pages 311-332, November.
- Loehman, E. T. & Berg, S. V. & Arroyo, A. A. & Hedinger, R. A. & Schwartz, J. M. & Shaw, M. E. & Fahien, R. W. & De, V. H. & Fishe, R. P. & Rio, D. E., 1979. "Distributional analysis of regional benefits and cost of air quality control," Journal of Environmental Economics and Management, Elsevier, vol. 6(3), pages 222-243, September.
- Lutter, Randall & Morrall, John F, III, 1994. "Health-Health Analysis: A New Way to Evaluate Health and Safety Regulation," Journal of Risk and Uncertainty, Springer, vol. 8(1), pages 43-66, January.
- Dickie, M. & Gerking, S.D., 1997.
"Genetic risk factors and offsetting behavior: The case of skin cancer,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-4742874, Tilburg University.
- Dickie, Mark & Gerking, Shelby, 1997. "Genetic Risk Factors and Offsetting Behavior: The Case of Skin Cancer," Journal of Risk and Uncertainty, Springer, vol. 15(1), pages 81-97, October.
- Cropper, Maureen L. & Subramanian, Uma, 1995. "Public choices between lifesaving programs : how important are lives saved?," Policy Research Working Paper Series 1497, The World Bank.
- Hazilla, Michael & Kopp, Raymond J, 1990. "Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 853-73, August.
- Simpson, R David & Sedjo, Roger A & Reid, John W, 1996. "Valuing Biodiversity for Use in Pharmaceutical Research," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 163-85, February.
- Krupnick, Alan J & Cropper, Maureen L, 1992. " The Effect of Information on Health Risk Valuations," Journal of Risk and Uncertainty, Springer, vol. 5(1), pages 29-48, February.
- Roberts, Donna, 1998. "Implementation Of The Wto Agreement On The Application Of Sanitary And Phytosanitary Measures: The First Two Years," Working Papers 14588, International Agricultural Trade Research Consortium.
- Nathalie de Marcellis-Warin & Ingrid Peignier & Bernard Sinclair-Desgagné, 2002. "Analyse économique du Risk Management Program (section 112® du « Clean Air Act »)," CIRANO Project Reports 2002rp-12, CIRANO.
- Marco Grasso, 2004. "Utilizzo e diffusione della valutazione economica dei beni," Others 0406002, EconWPA.
- Frank van Tongeren & John Beghin & Stéphane Marette, 2009.
"A Cost-Benefit Framework for the Assessment of Non-Tariff Measures in Agro-Food Trade,"
OECD Food, Agriculture and Fisheries Papers
21, OECD Publishing.
- van Tongeren, Frank & Beghin, John C. & Marette, Stephan, 2009. "A Cost-Benefit Framework for the Assessment of Non-Tariff Measures in Agro-Food Trade," Staff General Research Papers 13146, Iowa State University, Department of Economics.
- Easter, K. William & Archibald, Sandra O., 1998. "Benefit-Cost Analysis In U.S. Environmental Regulatory Decisions," Conference Papers 14475, University of Minnesota, Center for International Food and Agricultural Policy.
- Burtraw, Dallas & Krupnick, Alan, 1999. "Measuring the Value of Health Improvements from Great Lakes Cleanup," Discussion Papers dp-99-34, Resources For the Future.
- Georgopoulou, E. & Sarafidis, Y. & Mirasgedis, S. & Balaras, C.A. & Gaglia, A. & Lalas, D.P., 2006. "Evaluating the need for economic support policies in promoting greenhouse gas emission reduction measures in the building sector: The case of Greece," Energy Policy, Elsevier, vol. 34(15), pages 2012-2031, October.
- Linacre, Nicholas A. & Gaskell, Joanne & Rosegrant, Mark W. & Falck-Zepeda, José & Quemada, Hector & Halsey, Mark & Birner, Regina, 2005. "Analysis for biotechnology innovations using Strategic Environmental Assessment (SEA):," EPTD discussion papers 140, International Food Policy Research Institute (IFPRI).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Webmaster).
If references are entirely missing, you can add them using this form.