Institute for Policy Integrity

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Publications

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  • Retaking Rationality
    Book

    Retaking Rationality

    How Cost-Benefit Analysis Can Better Protect the Environment and Our Health

    By Richard L. Revesz and Michael A. Livermore
    April 22, 2008

    In Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Environment and Our Health (Oxford University Press, 2008), Dean Richard L. Revesz and Michael A. Livermore argue for a more rational approach to cost-benefit analysis and regulation. They show how traditional cost-benefit analysis tends to overestimate costs and underestimate benefits, leading to less-than-optimal levels of regulation.