Economic Analyses at EPA
Assessing Regulatory Impact
By (author) Richard D. Morgenstern
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Economic Analyses at EPA by Richard D. Morgenstern
Book DescriptionFor years, the Environmental Protection Agency has been conducting programmatic 'economic analyses,' also known as Regulatory Impact Analyses (RIAs), to assess the economic effects of its regulatory efforts. This important volume explains the purpose of these analyses, along with their design, execution, conclusions, and their ultimate impact on environmental rules. Richard Morgenstern, formerly director of EPA s Office of Policy Analysis, has assembled twelve original case studies of RIAs performed over the past decade on matters such as lead in gasoline, ozone depletion, asbestos, clean drinking water, and sewage management. The contributors, most of whom actually worked on these RIAs, provide detailed examination of why and how they were performed. The case studies critique the nature, amount, and quality of data used by the EPA in their benefit-cost and cost-effectiveness analyses as well as the use (or abuse) of the results in final decisionmaking. The authors illustrate how the analyses take into account difficult issues such as discounting, risk, nonmonetized benefits and costs, and equity. Morgenstern provides the necessary historical context and the legal framework for requiring and conducting EAs. He describes new procedures outlined by the Clinton administration and synthesizes the case studies into thoughtful cross-cutting conclusions, drawing important lessons that will improve future analyses.
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Book DetailsISBN: 9780915707836
(229mm x 152mm x 27mm)
Imprint: Resources for the Future Press (RFF Press)
Publisher: Taylor & Francis Inc
Publish Date: 25-Jun-1997
Country of Publication: United States
Books By Author Richard D. Morgenstern
Reforming Regulatory Impact Analysis, Paperback (July 2009)
Over the years, considerable debate has emerged surrounding the use of cost-benefit analysis (CBA) to analyze and make recommendations for environmental and safety regulations. This work analyzes the use of CBA in three case studies: the Clean Air Interstate Rule, the Clean Air Mercury Rule, and the Cooling Water Intake Structure Rule (Phase II).
Choosing Environmental Policy, Paperback (September 2004)» View all books by Richard D. Morgenstern
The two distinct approaches to environmental policy include direct regulation - sometimes called 'command and control' policies - and regulation by economic, or market-based incentives. This book compares the costs and outcomes of these approaches by examining realworld applications.
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Author Biography - Richard D. Morgenstern
Richard D. Morgenstern is a senior fellow at Resources for the Future.
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