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The Cost-benefit State

Author : Cass R. Sunstein
Publisher : American Bar Association
Page : 220 pages
File Size : 27,62 MB
Release : 2002
Category : Business & Economics
ISBN : 9781590310540

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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.

The Cost-Benefit Revolution

Author : Cass R. Sunstein
Publisher : MIT Press
Page : 286 pages
File Size : 34,72 MB
Release : 2019-09-24
Category : Political Science
ISBN : 0262538016

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Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes. Opinions on government policies vary widely. Some people feel passionately about the child obesity epidemic and support government regulation of sugary drinks. Others argue that people should be able to eat and drink whatever they like. Some people are alarmed about climate change and favor aggressive government intervention. Others don't feel the need for any sort of climate regulation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements really involve facts, not values. It follows that government policy should not be based on public opinion, intuitions, or pressure from interest groups, but on numbers—meaning careful consideration of costs and benefits. Will a policy save one life, or one thousand lives? Will it impose costs on consumers, and if so, will the costs be high or negligible? Will it hurt workers and small businesses, and, if so, precisely how much? As the Obama administration's “regulatory czar,” Sunstein knows his subject in both theory and practice. Drawing on behavioral economics and his well-known emphasis on “nudging,” he celebrates the cost-benefit revolution in policy making, tracing its defining moments in the Reagan, Clinton, and Obama administrations (and pondering its uncertain future in the Trump administration). He acknowledges that public officials often lack information about costs and benefits, and outlines state-of-the-art techniques for acquiring that information. Policies should make people's lives better. Quantitative cost-benefit analysis, Sunstein argues, is the best available method for making this happen—even if, in the future, new measures of human well-being, also explored in this book, may be better still.

New Foundations of Cost-Benefit Analysis

Author : Matthew D. Adler
Publisher : Harvard University Press
Page : 258 pages
File Size : 23,50 MB
Release : 2006-10
Category : Business & Economics
ISBN : 9780674022799

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In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. This book not only places cost-benefit analysis on a firmer theoretical foundation, but also has many practical implications for how government agencies should undertake cost-benefit studies.

Codifying the Cost-Benefit State

Author : Brian Mannix
Publisher :
Page : 0 pages
File Size : 21,33 MB
Release : 2020
Category :
ISBN :

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Almost fifty years of presidential direction and agency practice, combined with ten years of increasing encouragement from the Supreme Court, suggest that the cost-benefit state has not only arrived, but is well past its introductory season. Benefit-cost balancing is now a dominant paradigm in administrative law for evaluating federal agencies' exercise of delegated regulatory discretion. In response to increased scrutiny upon judicial review, agencies have taken steps to firm up their benefit-cost analyses. Still, despite multiple Executive Orders and supplementary guidance, neither executive nor legislative action has produced a clear set of justiciable standards against which courts can evaluate agency analyses for adequacy. Some agencies have recently initiated rulemakings to codify their own analytical procedures under particular laws. While this statute-by-statute interpretive approach may be useful, it is unlikely to provide consistency across government or broadly-applicable tools for courts to use in varying regulatory domains. The time might be right to develop judicially-enforceable, government-wide standards for the use of benefit-cost analysis in rulemaking. Others have examined theories of judicial authority to require and to review agency benefit-cost balancing in rulemaking. In this article we focus instead on the executive's authority to write a cross-government “rule-on-rules” to govern regulatory analysis, including benefit-cost analysis and the courts' authority to enforce such a rule. While such a rule would probably lack direct statutory authorization under current law, we offer the example of the Council on Environmental Quality (CEQ) regulations, which govern agencies' use of Environmental Impact Statements, to illustrate how the absence of express statutory authority is not necessarily fatal to the project, particularly when it promises to produce tools that judges will find useful in carrying out their Article III responsibilities. In Section I, we review the rise of the cost-benefit state as a result of its development in the executive branch and its treatment by the courts. In Section II, we examine theories of judicial authority to require benefit-cost analysis (BCA). Section III describes a nascent efforts by one agency to codify its own use of BCA, presents the question of whether a broader, cross-cutting “rule-on-rules” that lacks clear statutory authority would be judicially enforceable, and describes the CEQ analog as a potential precedent. In Section IV, we review the constitutional authorities that might support a cross-cutting BCA rule, and present two theories to support judicial enforcement of such a rule.

Simpler

Author : Cass R. Sunstein
Publisher : Simon and Schuster
Page : 272 pages
File Size : 28,84 MB
Release : 2013-04-09
Category : Political Science
ISBN : 1476726612

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Simpler government arrived four years ago. It helped put money in your pocket. It saved hours of your time. It improved your children’s diet, lengthened your life span, and benefited businesses large and small. It did so by issuing fewer regulations, by insisting on smarter regulations, and by eliminating or improving old regulations. Cass R. Sunstein, as administrator of the most powerful White House office you’ve never heard of, oversaw it and explains how it works, why government will never be the same again (thank goodness), and what must happen in the future. Cutting-edge research in behavioral economics has influenced business and politics. Long at the forefront of that research, Sunstein, for three years President Obama’s “regulatory czar” heading the White House Office of Information and Regulatory Affairs, oversaw a far-reaching restructuring of America’s regulatory state. In this highly anticipated book, Sunstein pulls back the curtain to show what was done, why Americans are better off as a result, and what the future has in store. The evidence is all around you, and more is coming soon. Simplified mortgages and student loan applications. Scorecards for colleges and universities. Improved labeling of food and energy-efficient appliances and cars. Calories printed on chain restaurant menus. Healthier food in public schools. Backed by historic executive orders ensuring transparency and accountability, simpler government can be found in new initiatives that save money and time, improve health, and lengthen lives. Simpler: The Future of Government will transform what you think government can and should accomplish.

Risk and Reason

Author : Cass R. Sunstein
Publisher : Cambridge University Press
Page : 362 pages
File Size : 19,7 MB
Release : 2002
Category : Business & Economics
ISBN : 9780521016254

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Publisher Description

Cost-Benefit Analysis

Author : Tevfik F. Nas
Publisher : Lexington Books
Page : 253 pages
File Size : 37,21 MB
Release : 2016-07-29
Category : Business & Economics
ISBN : 1498522513

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Drawing on the principles of welfare economics and public finance, this second edition of Cost-Benefit Analysis: Theory and Application provides the theoretical foundation for a general framework within which costs and benefits are identified and assessed from a societal perspective. With a thorough coverage of cost-benefit concepts and their underlying theory, the volumecarries the reader through the steps of a typical evaluation process, including the identification, measurement, and comparison of costs and benefits, and project selection. Topics include alternative measures of welfare change, such as the concepts of consumer surplus and compensating and equivalent variation measures, shadow pricing, nonmarket valuation techniques of contingent valuation and discrete choice experiment, perspectives on what constitutes a theoretically acceptable discount rate, the social rate of time preference, income distribution, and much more. The book also focuses on real-world applications of cost-benefit analysis in two closely related areas—environment and health care—followed by an examination of the current state of the art in cost-benefit analysis as practiced by international agencies.

Well-Being and Fair Distribution

Author : Matthew Adler
Publisher :
Page : 656 pages
File Size : 11,96 MB
Release : 2012
Category : Law
ISBN : 0195384997

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A comprehensive philosophically grounded argument for the use of social welfare functions as a framework for governmental policy analysis.

Cost-Benefit Analysis

Author : Tevfik F. Nas
Publisher : SAGE
Page : 240 pages
File Size : 15,60 MB
Release : 1996-02-14
Category : Business & Economics
ISBN : 9780803971332

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The author introduces "the foundation of relevant economic theory," outlines "the steps involved in a typical cost-benefit analysis," and addresses "topics such as consumer surplus, compensating variation, equivalent variation, shadow pricing, income distribution, and much more."--Cover.

Pricing Nature

Author : Nick Hanley
Publisher : Edward Elgar Publishing
Page : 361 pages
File Size : 26,66 MB
Release : 2009-01-01
Category : Business & Economics
ISBN : 184980205X

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An impressive piece of work that deserves to be on every European agricultural economist s bookshelf. Jean-Christophe Bureau, European Review of Agricultural Economics This is an excellent text that could be used in specialist academic courses in environmental and natural resource economics, ecological economics and cost benefit analysis, as well as in interdisciplinary courses in public policy, planning and environmental management. David James, Australasian Journal of Environmental Management Cost Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. Nick Hanley and Edward Barbier show how CBA can be applied to environmental policy choice and environmental resource management. They cover the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from Europe, North America and developing countries. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus. The textbook is aimed at students on inter-disciplinary courses as well as those studying environmental economics, welfare economics and public policy. It will also be of interest to people in the policy community, NGOs and consultancy sectors.