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Use Of Cost Benefit Analysis By Regulatory Agencies

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Use Of Cost Benefit Analysis By Regulatory Agencies

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Author : United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Oversight and Investigations
language : en
Publisher:
Release Date : 1980

Use Of Cost Benefit Analysis By Regulatory Agencies written by United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Oversight and Investigations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Cost effectiveness categories.

Use Of Cost Benefit Analysis By Regulatory Agencies

Use Cost Benefit Analysis By Regulatory Agencies

Use Cost Benefit Analysis By Regulatory Agencies written by United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Oversight and Investigations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with categories.

Benefit Cost Analysis Guide For Regulatory Programs

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Author : Canada. Treasury Board. Regulatory Affairs
language : en
Publisher:
Release Date : 1995

Benefit Cost Analysis Guide For Regulatory Programs written by Canada. Treasury Board. Regulatory Affairs and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Law categories.

Canada's federal regulatory policy contains mandatory requirements that departments and agencies, before sponsoring a regulation, must show that regulation is the best alternative and that the regulatory program is structured to maximise the gains to beneficiaries in relation to costs to Canadians. This document is a guide to the use of cost benefit analysis for demonstrating that a proposed regulation maximises net benefit. It reviews how cost benefit analysis fits into the regulatory process, provides a framework for choosing regulatory and non-regulatory alternatives, and describes the type and level of analysis that must be completed before preparing Regulatory Impact Analysis Statements. The guide ends with sections on evaluating impacts to business, consumer impact assessment, evaluation of risk and uncertainty, cost estimation, discounting, and evaluation of environmental quality & other public goods.

A Game Theoretic Analysis Of Alternative Institutions For Regulatory Cost Benefit Analysis

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Author : Jason Scott Johnston
language : en
Publisher:
Release Date : 2012

A Game Theoretic Analysis Of Alternative Institutions For Regulatory Cost Benefit Analysis written by Jason Scott Johnston and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

This paper uses the tools of game theory to explore a number of issues regarding regulatory agency incentives. It models notice-and-comment rulemaking as a sequential game and employs that model to examine how a regulatory agency's incentives to consider both regulatory costs and benefits are likely to vary with statutory type - whether or not the statute explicitly requires that regulatory standards be set on the basis of cost-benefit analysis - and the procedural structure of OMB review. The sequential game model explicitly distinguishes between lobbying and litigation as strategies that regulatory targets may employ in attempting to defeat regulation. Among the non-intuitive insights generated by the model are the following: 1) even when there is no statutory obligation to consider regulatory compliance costs, the fact that a regulatory target's lobbying and litigation effort level increases in its expected compliance cost itself provides regulatory agencies with an incentive to choose cost-effective regulation; 2) when the judicial review process is costly and complex, the regulator may choose not to regulate if it learns that the regulatory target has high compliance cost, and in this situation, such a target may reveal its (compliance cost) type in a separating equilibrium at the lobbying stage; 3) if the court is perfect in reviewing a substantive cost-benefit statute (one that says regulation is to proceed only if benefits exceed costs), then revising statutes to include such substantive cost-benefit requirements may enhance rather than reduce the incentive for regulatory targets to politicize regulatory costs at the lobbying stage; 4) by highly rewarding at the judicial review stage agency efforts to learn regulatory compliance cost ex ante, procedural cost-benefit statutes (such as NEPA, the National Environmental Policy Act) maximize agency incentives to learn costs ex ante and thus may have surprisingly large effects in cutting the volume of regulation; 5) to the extent that OMB review is equivalent to a preliminary lobbying stage in which lobbying by beneficiaries is constrained, it gives regulatory targets the opportunity to impose large political penalties on the agency at relatively low cost, but opening up the OMB process to make it easier for regulatory beneficiaries to lobby OMB would likely have relatively little effect on Executive branch behavior, since OMB is used selectively based on Presidential party and preferences.

The Scales Of Weighing Regulatory Costs

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Author : Jamison E. Colburn
language : en
Publisher: Edward Elgar Publishing
Release Date : 2018-11-30

The Scales Of Weighing Regulatory Costs written by Jamison E. Colburn and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-30 with Law categories.

This book examines the calculation and evaluation of regulatory costs by regulators in accordance with a legislative mandate. A serious limitation in that enterprise, the possibility of technological change and innovation, often compromises those efforts and has long been under-appreciated in standard ‘cost-benefit analysis.’ Regulators who study the inducement of innovation and the avoidance of regulatory costs by the regulated often find significant cost-saving opportunities, leading to more stringent and more effective risk governance. Ultimately, the weighing of costs in this more elaborate model is more than simple welfare maximization. It views regulatory costs as important to society for a range of reasons, some grounded in fairness and some in deliberative process values, as a society seeks to minimize all costs over time.

Federal Regulatory Reform Programs And The Use Of Cost Benefit Analysis

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Author :
language : en
Publisher:
Release Date : 1984

Federal Regulatory Reform Programs And The Use Of Cost Benefit Analysis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Law categories.

Cost Benefit Analysis

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Author : E.J. Mishan
language : en
Publisher: Routledge
Release Date : 2020-08-19

Cost Benefit Analysis written by E.J. Mishan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-19 with Business & Economics categories.

Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme – often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society’s scarce resources. This timely sixth edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include: updated historical background of CBA extended non-market goods valuation methods the impact of uncertainty evaluation of programmes and services behavioural economics decision rules and heuristics CBA and regulatory reforms CBA in developed and developing countries value of household production other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life. This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students. The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter.

The Cost Benefit State

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Author : Cass R. Sunstein
language : en
Publisher: American Bar Association
Release Date : 2002

The Cost Benefit State written by Cass R. Sunstein and has been published by American Bar Association this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.

This book discusses the current topic of Federal Government regulations increasingly assessed by asking whether the benefits of the regulation justifies the cost of the regulation.

Independent Regulatory Agencies Cost Benefit Analysis And Presidential Review Of Regulations

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Author :
language : en
Publisher:
Release Date : 2012

Independent Regulatory Agencies Cost Benefit Analysis And Presidential Review Of Regulations written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Administrative agencies categories.

Use Of Cost Benefit Analysis By Regulatory Agencies

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