Many people see collaborative decision-making as the next wave in environmental regulation. This paper examines how two elements within collaborative processes--final authority over stakeholder negotiations and information symmetry through mandated information sharing of relative payoffs--affect...

Public policy decision making often requires balancing the benefits of a policy with the costs. While regulators in the United States and abroad rely heavily on benefit-cost analysis, critics contend that hypothetical bias precludes one of the most popular benefit estimation...