There is an elaborate debate over the practice of" discounting" regulatory benefits, such as
environmental improvements and decreased risks to health and life, when those benefits will …

Recent scholarship by Mathew D. McCubbins, Roger G. Noll, and Barry R. Weingast, 1 and
by Arthur Lupia and McCubbins, 2 sheds new light on an important administrative law …

How should democratic societies regulate their rulemakers? As administrative agencies
grapple with novel challenges-from the environment,'to public health, 2 and now, to terrorism …

Expenditures incurred because of federal environmental, health, and safety regulation have
grown dramatically in recent decades, and now total several hundred billion dollars …

Conventional economic analysis of the case for proposed changes in the regulatory
environment of an industry has relied heavily on comparitive statistics as the principal …

Legal scholars have typically viewed the set of extraordinary legal sanctions (that is,
remedies that systematically over-or undercompensate plain-tiffs) as logically independent …

Deciding how to allocate the resources to be spent on promoting health and safety through
governmental regulation is a challenging task of immense significance. The Environmental …

Cost-benefit analysis is a flourishing practice, desperately in need of a justification. By" cost-
benefit analysis," or" CBA," I mean the monetized version: the version where the various …

ABSTRACT Cost-benefit analysis (" CBA") has faced significant opposition during most of its
tenure as an influential agency decisionmaking tool As advancements have been made in …

Scholars of jurisprudence traditionally view law as a set of obligations backed by sanctions,
or commands backed by threats.'In contrast, economists tend to view law as a set of official …