Archive for February, 2016
Cost-Benefit Analysis and the Structure of the Administrative State: The Case of Financial Services Regulation
Richard L. Revesz
NYU Law and Economics Research Paper No. 16-08
Should Federal Regulatory Agencies Report Benefits to Americans from Mandated Reductions in Greenhouse Gas Emissions?
by Art Fraas, Randall Lutter, Susan E. Dudley, Ted Gayer, John Graham, Jason F. Shogren, W. Kip Viscusi
In a letter to the National Academy of Sciences on its project, “Assessing Approaches to Updating the Social Cost of Carbon,” a group of prominent regulatory economists argues that federal regulatory analysis should compare domestic regulatory benefits to domestic costs. The current government approach of reporting only the global benefits of reducing carbon emissions neglects that duty. The letter recommends that the panel adopt a dual approach that refocuses regulatory impact analysis of climate regulations on domestic benefits, while providing for separate reporting of estimated global benefits.
Responses to Questions for the Record of Jerry Ellig on Moving to a Stronger Economy Through Regulatory Budgeting
From: Western Free Press
February 3, 2016
Senator Michael B. Enzi
Committee on the Budget
United States Senate
Washington, DC 20510
Dear Chairman Enzi:
Thank you for the opportunity to testify at the Senate Budget Committee’s December 9, 2015, hearing on the regulatory budget. Below are my responses to the four questions for the record: