Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and Art

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Date

Dec. 31, 1996

Authors

Raymond J. Kopp, Alan Krupnick, and Michael Toman

Publication

Working Paper

Reading time

1 minute

The continuing efforts in the 104th Congress to legislate requirements for cost-benefit analysis (CBA) and the revised Office of Management and Budget guidelines for the conduct of such assessments during a regulatory rulemaking process highlight the need for a comprehensive examination of the role that CBA can play in agency decision-making. This paper summarizes the state of knowledge regarding CBA and offers suggestions for improvement in its use, especially in the context of environmental regulations.

Topics

Data and Decision Tools

Authors

Raymond J. Kopp

Senior Fellow

Raymond J. Kopp is a senior fellow at RFF. During his career Kopp has specialized in the analysis of environmental and natural resource issues with a focus on Federal regulatory activity.

Alan Krupnick

Senior Fellow

Alan Krupnick is a senior fellow at RFF.

Michael Toman

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