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={Kenneth J. Arrow and Maureen L. Cropper and George C. Eads and Robert W. Hahn and Lester B. Lave and Roger G. Noll and Paul R. Portney and Milton Russell and Richard. Schmalensee and V. Kerry Smith and Robert 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… 

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    Benefit-Cost Analysis in Environmental, Health, and Safety Regulation

    • 1996