Cost-Benefit Analysis: Regulatory Reform or Favoring the Regulated?

2007 ◽  
Vol 42 (1) ◽  
pp. 61-65
Author(s):  
Thomas A Hemphill
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Regulatory Reform ◽  
Benefit Analysis

Decision rules and regulatory reform

1982 ◽  
Vol 2 (4) ◽  
pp. 379-394 ◽  
Author(s):  
Stephen H. Linder
Keyword(s):  
Cost Benefit Analysis ◽  
Decision Rules ◽  
Cost Benefit ◽  
Regulatory Reform ◽  
Analytical Framework ◽  
The United States ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Regulatory Decisions

ABSTRACTThe regulation of risks to health and the environment in the United States is currently undergoing serious criticism for its impact on the recession economy. Attempts to diminish health risks by placing stringent limitations on potentially harmful substances are thought to be excessively expensive and ineffective. To remedy this problem, basic reforms in the way these regulations are fashioned have been proposed. Perhaps the best known is cost-benefit analysis. Nevertheless, there are a number of areas where agencies purposely avoid making tradeoffs between costs and benefits and instead assign priorities among levels and types of benefits. However, despite a considerable literature examining the merits of making tradeoffs in regulatory decisions, little attention has been given to the disparate premises of the tradeoff and no-tradeoff rules and how the choice of decision rules determines the role of cost considerations in agency decision making. This paper not only examines these issues, but develops an analytical framework for restructuring the choice between rules. Instead of abolishing the no-tradeoff rules, the analytical framework proposed here can be used to generate a compromise rule which permits partial tradeoffs under certain well-defined circumstances.

Cost‐benefit analysis and regulatory reform

1997 ◽  
Vol 3 (5) ◽  
pp. 787-852 ◽  
Author(s):  
Raymond Kopp ◽  
Alan Krupnick ◽  
Michael Toman
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Regulatory Reform ◽  
Benefit Analysis

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

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