This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Perspectives: Vol. 12 No. 4 (Fall 1998)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


Policy Watch: Government Analysis of the Benefits and Costs of Regulation

Article Citation

Hahn, Robert W. 1998. "Policy Watch: Government Analysis of the Benefits and Costs of Regulation." Journal of Economic Perspectives, 12(4): 201-210.

DOI: 10.1257/jep.12.4.201

Abstract

Recently, Congress has shown a greater interest in assessing the economic impact of regulation. This interest was driven in part by estimates that federal regulation costs several hundred billion dollars annually. In 1996, Congress required the director of the Office of Management and Budget to provide estimates of the total annual benefits and costs of individual regulations. This essay reviews the increasing use of economic analysis in regulatory decisionmaking, critically assesses the first 0MB report, and considers how the use of economic analysis can help inform regulatory decisionmaking. It argues that policymakers need to address a growing body of evidence that casts doubt on the effectiveness and efficiency of much regulation.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

Hahn, Robert W. (AEI-Brookings Joint Ctr for Regul Stud, Washington, DC and Harvard U)

JEL Classifications

L51: Economics of Regulation
D61: Allocative Efficiency; Cost-Benefit Analysis

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us