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Efficiency in Environmental Regulation - A Benefit-Cost Analysis of Alternative Approaches (Paperback, Softcover reprint of the original 1st ed. 1990)
Loot Price: R1,588
Discovery Miles 15 880
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Efficiency in Environmental Regulation - A Benefit-Cost Analysis of Alternative Approaches (Paperback, Softcover reprint of the original 1st ed. 1990)
Series: Studies in Risk and Uncertainty, 1
Expected to ship within 10 - 15 working days
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A management agency --such as a publicly or privately owned
electric utility -- must, if it is to be efficient in carrying out
its day-to-day tasks, have a means of monitoring its performance to
assess the efficiency of its operations and the effectiveness of
its planning. For example, how did the demand for electricity
compare with that assumed in planning? How effective were the
incentives applied to induce energy conservation by users? Such ex
post analyses are essential for improving the planning process and
hence for improving decisions with respect to efficiency and
resource allocation. Unfortunately, it seems to be very difficult
for public agencies to make such ex post evaluations an integral
part of agency activities, whether the agencies are "producers," e.
g. , the Corps of Engineers or the Bureau of Reclamation with
respect to water resources management, or are regulatory agencies
such as the Environmental Protection Agency or the Food and Drug
Administration. Here and there a few ex post analyses of agency
programs have been done, but rarely by the responsible agency
itself. These analyses have attempted to compare the results
actually achieved with the results estimated in planning, either in
terms of project outputs or in terms of effectiveness of regulatory
and/or economic incentives in inducing desired changes in behavior.
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