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Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and Art

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  • Krupnick, Alan

    () (Resources for the Future)

  • Toman, Michael
  • Kopp, Raymond

    () (Resources for the Future)

Abstract

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.

Suggested Citation

  • Krupnick, Alan & Toman, Michael & Kopp, Raymond, 1997. "Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and Art," Discussion Papers dp-97-19, Resources For the Future.
  • Handle: RePEc:rff:dpaper:dp-97-19
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    Cited by:

    1. Toman, Michael & Lile, Ronald D. & King, Dennis M., 1998. "Assessing Sustainability: Some Conceptual and Empirical Challenges," Discussion Papers 10756, Resources for the Future.
    2. 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.
    3. repec:gam:jagris:v:8:y:2018:i:9:p:130-:d:165520 is not listed on IDEAS
    4. repec:eee:reensy:v:175:y:2018:i:c:p:171-182 is not listed on IDEAS
    5. Marco Grasso, 2004. "Utilizzo e diffusione della valutazione economica dei beni," Others 0406002, University Library of Munich, Germany.
    6. 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.
    7. Toman, Michael & Lile, Ron & King, Dennis, 1998. "Assessing Sustainability: Some Conceptual and Empirical Challenges," Discussion Papers dp-98-42, Resources For the Future.
    8. Jan Anne Annema & Carl Koopmans & Bert Van Wee, 2006. "Evaluating Transport Infrastructure Investments: The Dutch Experience with a Standardized Approach," Transport Reviews, Taylor & Francis Journals, vol. 27(2), pages 125-150, June.
    9. David Ocio & Christian Stocker & Ángel Eraso & Arantza Martínez & José Galdeano, 2016. "Towards a reliable and cost-efficient flood risk management: the case of the Basque Country (Spain)," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(1), pages 617-639, March.
    10. 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).
    11. 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.
    12. 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.
    13. Toman, Michael, 1998. "Sustainable Decision-making: The State of the Art from an Economics Perspective," Discussion Papers 10602, Resources for the Future.
    14. 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.
    15. Burtraw, Dallas & Krupnick, Alan, 1999. "Measuring the Value of Health Improvements from Great Lakes Cleanup," Discussion Papers dp-99-34, Resources For the Future.
    16. Y. Sarafidis & S. Mirasgedis & E. Georgopoulou & D. P. Lalas, 2002. "Economic Evaluation of Carbon Dioxide Emission Abatement Measures in the Greek Energy Sector," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 45(2), pages 181-198.

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