Institute for Policy Integrity

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Publications

Viewing all publications in Academic Articles/Working Papers
  • Global Warming: Improve Economic Models of Climate Change
    Academic Article/Working Paper

    Global Warming: Improve Economic Models of Climate Change

    By Richard L. Revesz, Peter H. Howard, Kenneth Arrow, Lawrence H. Goulder, Robert E. Kopp, Michael A. Livermore, Michael Oppenheimer, and Thomas Sterner
    April 4, 2014

    Costs of carbon emissions are being underestimated, but current estimates are still valuable for setting mitigation policy, say Richard L. Revesz, Peter H. Howard, Kenneth Arrow, Lawrence H. Goulder, Robert E. Kopp, Michael A. Livermore, Michael Oppenheimer, and Thomas Sterner.

  • Quantifying Regulatory Benefits
    Academic Article/Working Paper

    Quantifying Regulatory Benefits

    By Richard L. Revesz
    January 7, 2014

    The author responds to an argument made by Cass Sunstein that administrative agencies should use breakeven analysis when unable to quantify benefits of a specific regulation. Breakeven analysis seeks to determine how high nonquantifiable benefits of a regulation would have to be for the benefits to justify the costs. In this Comment, the author argues that breakeven analysis can be useful but is always a second-best technique. The first-best approach is to quantify the benefit.

  • Cost-Benefit Analysis and Agency Independence
    Academic Article/Working Paper

    Cost-Benefit Analysis and Agency Independence

    By Michael A. Livermore
    January 7, 2014

    In “Cost-Benefit Analysis and Agency Independence,” Professor Michael A. Livermore argues that cost-benefit analysis provides a standard that constrains the exercise of OIRA’s power, helping to preserve the autonomy of government agencies in the face of White House review. This argument challenges the prevailing view that cost-benefit analysis is a tool for the President to impose authority over executive agencies.

  • Water Pollution and Regulatory Cooperation In China
    Academic Article/Working Paper

    Water Pollution and Regulatory Cooperation In China

    By Hong Lan, Michael A. Livermore, and Craig A. Wenner
    November 27, 2013

    The costs of China’s record economic growth—including pollution—threaten to undercut its progress if left unchecked. Standing in the way of China’s efforts to control pollution is a complex political system of overlapping levels of local and national authorities. This paper examines recent efforts to address the ill-aligned incentives lead some officials to allow high levels of pollution.

  • Are Passenger Vehicles Positional Goods?
    Academic Article/Working Paper

    Are Passenger Vehicles Positional Goods?

    Consumer Welfare Implications of More Stringent CAFE Standards

    By Institute for Policy Integrity
    February 10, 2012

    Are Passenger Vehicles Positional Goods? examines to what degree vehicles generate consumption externalities that are not currently corrected for by the market, and whether a
    uniform downward shift in the size of the passenger vehicle fleet will actually result in reduced consumer welfare.