Economic Foundations of the Current Regulatory Reform Efforts
Regulatory reform proposals before Congress would potentially increase the role of economics in regulatory policymaking. These reforms seek to override existing legislative mandates, which usually prohibit economic trade-offs and have often led to inefficient expenditures. Proposed legislation would preempt these requirements and improve benefit-cost tests, making economic assessment a focal point of regulatory policy debates. Other reforms, such as the promotion of unbiased risk assessment and offsetting risk consequences of regulations, would also promote more efficient policies. Some less desirable proposals would largely serve to increase the transactions costs of issuing new regulations.
Volume (Year): 10 (1996)
Issue (Month): 3 (Summer)
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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.:
- Viscusi, W Kip & Zeckhauser, Richard J, 1994. "The Fatality and Injury Costs of Expenditures," Journal of Risk and Uncertainty, Springer, vol. 8(1), pages 19-41, January.
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- Peltzman, Sam, 1975. "The Effects of Automobile Safety Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 677-725, August.
- W. Kip Viscusi, 1994. "Mortality Effects of Regulatory Costs and Policy Evaluation Criteria," RAND Journal of Economics, The RAND Corporation, vol. 25(1), pages 94-109, Spring.
- Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
- Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, Oxford University Press, vol. 75(4), pages 643-669.
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