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Economic Analyses at EPA - Assessing Regulatory Impact (Hardcover)
Loot Price: R5,291
Discovery Miles 52 910
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Economic Analyses at EPA - Assessing Regulatory Impact (Hardcover)
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For years, the Environmental Protection Agency has been conducting
programmatic 'economic analyses,' also known as Regulatory Impact
Analyses (RIAs), to assess the economic effects of its regulatory
efforts. This important volume explains the purpose of these
analyses, along with their design, execution, conclusions, and
their ultimate impact on environmental rules. Richard Morgenstern,
formerly director of EPA's Office of Policy Analysis, has assembled
twelve original case studies of RIAs performed over the past decade
on matters such as lead in gasoline, ozone depletion, asbestos,
clean drinking water, and sewage management. The contributors, most
of whom actually worked on these RIAs, provide detailed examination
of why and how they were performed. The case studies critique the
nature, amount, and quality of data used by the EPA in their
benefit-cost and cost-effectiveness analyses as well as the use (or
abuse) of the results in final decisionmaking. The authors
illustrate how the analyses take into account difficult issues such
as discounting, risk, nonmonetized benefits and costs, and equity.
Morgenstern provides the necessary historical context and the legal
framework for requiring and conducting EAs. He describes new
procedures outlined by the Clinton administration and synthesizes
the case studies into thoughtful cross-cutting conclusions, drawing
important lessons that will improve future analyses.
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