Regulations intended to lessen risks of accidents and illness ordinarily impose compliance costs on regulated entities and on rulemaking agencies. In return, society gains numerous benefits, most notably the avoidance of fatalities, injuries and disease, and in some instances a reduction in property damage. Promulgation of such regulations is a...
Cost Benefit Analysis (Documents)
Cost/benefit analysis1 may ordinarily be applied by an agency to a regulatory action, except when Congress has forbidden its use or has specified, in the authorizing legislation, the precise regulatory outcome Congress desired. Any legislative directive short of complete specificity...
Federal agencies must frequently weigh competing health, safety, resource management, environmental, economic, and other societal interests when seeking to achieve a prescribed statutory objective. Wise decisionmaking presupposes that the potential benefits and costs of the actions under consideration will be identified, will be quantified if feasible, and will be appraised...
The linked manuscript is Curtis Copeland's draft report for the Benefit-Cost Analysis at Independent Regulatory Agencies project.
The linked document is the appendix to Curtis Copeland's report in the Benefit-Cost Analysis at Independent Regulatory Agencies project.
Comment from Senior Fellow Peter Strauss on the draft recommendation and consultant report for the Benefit-Cost Analysis at Independent Regulatory Agencies Project
Minutes from the September 24, 2012 Meeting of the Committee on Regulation (on the Science in the Administrative Process and Benefit-Cost Analysis at Independent Regulatory Agencies projects).