Environmental regulations can correct harmful market failures, but almost always come with a price. Policymakers often conduct benefit–cost analyses to help balance environmental goals with economic growth. Experts at RFF have produced a rich body of work on the measuring of both benefits and costs, as well evaluating how such analyses are conducted in practice.
Cobenefits and Regulatory Impact Analysis: Theory and Evidence from Federal Air Quality Regulations
Indirect cobenefits play a significant role in determining the effectiveness of major Clean Air Act rules.