The U.S. Environmental Protection Agency recently sought public comment for a proposal to regulate the use of cost-benefit analysis in its decision-making. CHDS Senior Research Scientist Lisa A. Robinson examines the implications of the proposal in an essay for The Regulatory Review, including the underlying propositions that 1) costs and benefits should be considered in EPA’s rulemaking process; 2) consistency and transparency in EPA’s use of cost-benefit analysis should be improved; and 3) that EPA requires regulations to implement such improvements.
She discusses how these propositions relate to the practice of cost-benefit analysis and its use in decision-making.
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