Cost-Benefit Analysis
Cost-Benefit Analysis
This chapter begins by explaining how health and safety statutes intend for agencies to make regulatory decisions. It then discusses how traditional cost-benefit analysis distorts such deliberations. It presents a case study—the Environmental Protection Agency's excessively delayed rulemaking on controlling mercury emissions from power plants—to illustrate the distinctions between the two approaches. It concludes with an evaluation of the prospects for reform.
Keywords: health, safety, federal agencies, regulation, Environmental Protection Agency, rulemaking, mercury emissions
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