In few arenas has this controversy been as heated and as relevant to actual policy decisions as in the use of cost-benefit analysis
to evaluate regulatory proposals.
4] proposed a composite decision support based on combining cost-benefit analysis
with multi-criteria decision analysis for the assessment of economic as well as strategic impacts within transport projects.
Coates, Towards Better Cost-Benefit Analysis
, supra note 1, at 2; Coates, Cost-Benefit Analysis
of Financial Regulation, supra note 1, at 5-6.
On cost-benefit analysis
, many industry groups have largely abandoned their commitment to weighing environmental benefits against economic costs.
In recent years, state officials have become increasingly interested in cost-benefit analysis
in large part because of the experience in Washington.
285) Writing for the majority, Justice Scalia found that EPA had permissibly relied on cost-benefit analysis
in setting BTA and in providing for cost-benefit variances from that standard as part of the Phase II regulations.
To suggest that a cost-benefit analysis
ought to be the sole--or even the most important--part of a decision is to attempt to turn leaders into spreadsheet jockeys.
Although fervent in their critique of cost-benefit analysis
as currently practiced, Adler and Posner see considerable hope for its future use, if only the overall goal of the analysis could be reconsidered.
pinnipedii in fur seals and sea lions, the economics of bovine tuberculosis, and cost-benefit analysis
of disease eradication programs.
CMS performed a cost-benefit analysis
of the final rule.
The airline's initiatives are a stricter focus on the core business, simplification of its ticket sales process, a cost-benefit analysis
of existing services and the addition of long-haul flights to East Asia with renewal of the long-haul fleet beginning in 2008.
To help address the controversy that still simmers over how, or whether, to assign a specific value to effects such as degraded human health, OIRA and several federal agencies asked a committee of the National Academies' Institute of Medicine (IOM) to weigh in with guidance on one type of cost-benefit analysis
, called cost-effectiveness analysis (CEA), which can include calculations of the dollar value of human life and which was included in Circular A-4.
Trade and Industry Secretary Alan Johnson has commissioned an independent economic cost-benefit analysis
to assess the impact of any relaxation of Sunday trading laws.
The proposed legislation also directs the Environmental Protection Agency (EPA) to conduct a cost-benefit analysis
of various e-scrap recycling programs to recommend a national program.
In the past twenty years, it has become increasingly common for administrative agencies to use cost-benefit analysis
to evaluate proposed regulatory programs.