When an agency fails to engage in quantitative cost-benefit analysis, has it acted arbitrarily
and hence in violation of the Administrative Procedure Act? At first glance, the question …

This paper reviews the US and European experiences with regulatory oversight and the use
of formal tools to analyze regulation. We conclude that the US and Europe have made some …

With the election of President Barack Obama, Office of Management and Budget (OMB)
watchers have anxiously awaited his take on the regulatory review process and the …

For over two decades, federal agencies have been required to analyze the benefits and
costs of significant regulatory actions and to show that the benef justify the costs. But the …

Measuring the effectiveness of executive orders on regulatory planning and review and the
resulting process of centralized regulatory oversight is challenging because of the lack of a …

Professor Breyer presents here a framework for analysis and reform of economic regulation.
The framework consists of three basic elements: justifications for regulation, modes of …

Recent years have brought increased reaction to the successes of the environmental
movement. The pervasiveness of environmental regulation has prompted inflation …

George Stigler's work on the theory of regulation is one of those rare contributions-rare for
the rest of us, though not for him-which force a fundamental change in the way important …

Economic analysis of law treats common law fields, especially tort law—which provides
legal remedies for physical, mental, or financial injuries caused by negligence, medical …

By" paradoxes of the regulatory state," I mean self-defeating regulatory strategies-strategies
that achieve an end precisely opposite to the one intended, or to the only public-regarding …