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      Reforming Regulatory Impact Analysis
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      Book

      Reforming Regulatory Impact Analysis

      DOI link for Reforming Regulatory Impact Analysis

      Reforming Regulatory Impact Analysis book

      Reforming Regulatory Impact Analysis

      DOI link for Reforming Regulatory Impact Analysis

      Reforming Regulatory Impact Analysis book

      Edited ByWinston Harrington, Lisa Heinzerling, Richard Morgenstern
      Edition 1st Edition
      First Published 2009
      eBook Published 7 January 2009
      Pub. Location New York
      Imprint Routledge
      DOI https://doi.org/10.4324/9781936331260
      Pages 242
      eBook ISBN 9781936331260
      Subjects Economics, Finance, Business & Industry, Environment and Sustainability, Law, Politics & International Relations
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      Harrington, W., Heinzerling, L., & Morgenstern, R. (Eds.). (2009). Reforming Regulatory Impact Analysis (1st ed.). Routledge. https://doi.org/10.4324/9781936331260

      ABSTRACT

      Over the past decades, considerable debate has emerged surrounding the use of cost-benefit analysis (CBA) to analyze and make recommendations for environmental and safety regulations. Critics argue that CBA forces values on unquantifiable factors, that it does not adequately measure benefits across generations, and that it is not adaptable in situations of uncertainty. Proponents, on the other hand, believe that a well-done CBA provides useful, albeit imperfect, information to policymakers precisely because of the standard metrics that are applied across the analysis. Largely absent from the debate have been practical questions about how the use of CBA could be improved. Relying on the assumption that CBA will remain an important component in the regulatory process, this new work from Resources for the Future brings together experts representing both sides of the debate to analyze the use of CBA in three key case studies: the Clean Air Interstate Rule, the Clean Air Mercury Rule, and the Cooling Water Intake Structure Rule (Phase II). Each of the case studies is accompanied by critiques from both an opponent and a proponent of CBA and includes consideration of complementary analyses that could have been employed. The work's editors - two CBA supporters and one critic - conclude the report by offering concrete recommendations for improving the use of CBA, focusing on five areas: technical quality of the analyses, relevance to the agency decision-making process, transparency of the analyses, treatment of new scientific findings, and balance in both the analyses and associated processes, including the treatment of distributional consequences.

      TABLE OF CONTENTS

      chapter 1|10 pages

      Controversies Surrounding Regulatory Impact Analysis

      ByWinston Harrington, Lisa Heinzerling, Richard D. Morgenstern

      chapter 2|13 pages

      The Clean Air Interstate Rule

      ByRichard D. Morgenstern

      chapter 3|23 pages

      The Technocratic and Democratic Functions of the CAIR Regulatory Analysis

      ByNathaniel O. Keohane

      chapter 4|26 pages

      The CAIR RIA: Advocacy Dressed Up as Policy Analysis

      ByWendy E. Wagner

      chapter 5|26 pages

      The Clean Air Mercury Rule

      ByDavid A. Evans

      chapter 6|34 pages

      The Mathematics of Mercury

      ByCatherine A. O’Neill

      chapter 7|18 pages

      The CAMR: An Economist’s Perspective

      ByAlan J. Krupnick

      chapter 8|16 pages

      The Cooling Water Intake Structures Rule

      ByWinston Harrington

      chapter 9|14 pages

      Improving the CWIS Rule Regulatory Analysis: What Does an Economist Want?

      ByScott Farrow

      chapter 10|25 pages

      Fish Tales

      ByDouglas A. Kysar

      chapter 11|24 pages

      What We Learned

      ByWinston Harrington, Lisa Heinzerling, Richard D. Morgenstern
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