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Rationality or Rationalism : The Positive and Normative Flaws of Cost-Benefit Analysis

Volokh, Alexander - 2012

Environmental, health, and safety advocates, say Richard Revesz and Michael Livermore, have been wrongly hostile to cost-benefit analysis because of a false belief that it is biased against regulation. The bias against regulation, while real, has been the artifact of historical accident - the...

Persistent link: https://www.econbiz.de/10013114982

The Trump Administration’s Attacks on Regulatory Benefits

Revesz, Richard L. - 2020

For the last four decades, benefit-cost analysis has been a mainstay of the U.S. federal regulatory process and, under Executive Orders in effect since 1981, such analysis must generally be used to justify significant federal regulations. While administrations of different parties have...

Persistent link: https://www.econbiz.de/10012833657

Deregulatory Cost-Benefit Analysis and Regulatory Stability

Cecot, Caroline - 2019

Cost-benefit analysis (“CBA”) has faced significant opposition during most of its tenure as an influential agency decisionmaking tool. As advancements have been made in CBA practice, especially in more complete monetization of relevant effects, CBA has been gaining acceptance as an essential...

Persistent link: https://www.econbiz.de/10012897711

Human Survival, Risk, and Law : Considering Risk Filters to Replace Cost-Benefit Analysis

Draper, John William - 2017

Selfish utilitarianism, neo-classical economics, the directive of short-term income maximization, and the decision tool of cost-benefit analysis fail to protect our species from the significant risks of too much consumption, pollution, or population. For a longer-term survival, humanity needs to...

Persistent link: https://www.econbiz.de/10012969820

Cost-Benefit Analysis and the Structure of the Administrative State : The Case of Financial Services Regulation

Revesz, Richard L. - 2017

The viability and desirability of conducting cost-benefit analysis of financial regulation is a subject of intense academic debate. Opponents claim that such analysis is feasible for environmental regulation but not for financial regulation because of the difference in the benefits that require...

Persistent link: https://www.econbiz.de/10012970009

Economic Valuation of the Environment

Preston, Brian - 2016

Economics provides tools to value the environment and impacts to it. The environment produces goods and services that contribute to the wellbeing and utility of humans. Human actions that adversely impact on the environment change the flow of goods and services and utility of humans. Economic...

Persistent link: https://www.econbiz.de/10012993631

Measuring Consumer Sustainability Benefits

Inderst, Roman; Thomas, Stefan - 2021

While consumer sustainability benefits exhibit particular characteristics, e.g., as they are typically based on non-use value, they can be measured by standard instruments as applied in environmental cost-benefit analysis, such as conjoint analysis and contingent valuation. Their measurement may...

Persistent link: https://www.econbiz.de/10013213518

Offsetting Behavior and the Benefits of Safety Regulations

Hause, John C. - 2010

The net effect of policies to reduce harm to potential victims is sometimes much smaller than the predicted effect because of failure to account for victim offsetting behavior (OB). A simple expected accident loss model is developed where one parameter, the coefficient of diminishing returns,...

Persistent link: https://www.econbiz.de/10012716978

Qualitative Kosten-Nutzen-Analyse von Corona-Impfungen und Impfpflicht

Dilger, Alexander - 2021

wird über eine zuvor ausgeschlossene Impfpflicht intensiv diskutiert. Eine qualitative Kosten-NutzenAnalyse spricht dagegen …, da zumindest subjektiv die Kosten für einige Ungeimpfte erheblich sind und auch nach intersubjektiven Kriterien der … zum Ausgleich der Kosten anderer aus der unterlassenen Impfung. …

Persistent link: https://www.econbiz.de/10012794173

Ethical and Trans-Economic Decisions Inside Regulatory Cost-Benefit Analysis

Rowell, Arden - 2022

Although much has been written about the ethical implications of choosing to use cost-benefit analysis as a regulatory decision procedure, the ethical choices made “inside” cost-benefit analysis tend to be obscured by the technicality of cost-benefit procedures. Indeed, Congress, courts, and...

Persistent link: https://www.econbiz.de/10013313752