Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?

@article{Arrow1996IsTA,
  title={Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?},
  author={K. Arrow and M. Cropper and G. Eads and R. Hahn and L. Lave and R. Noll and P. Portney and M. Russell and R. Schmalensee and V. Smith and R. Stavins},
  journal={Science},
  year={1996},
  volume={272},
  pages={221 - 222}
}
Benefit-cost analysis can play an important role in legislative and regulatory policy debates on protecting and improving health, safety, and the natural environment. Although formal benefit-cost analysis should not be viewed as either necessary or sufficient for designing sensible public policy, it can provide an exceptionally useful framework for consistently organizing disparate information, and in this way, it can greatly improve the process and, hence, the outcome of policy analysis. If… Expand
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