The Hidden Environmental and Public Health Costs of Bad Economics
This report examines the regulatory failures of the Bush years on issues as wide-ranging as climate change and workplace safety, and concludes that these failures did not arise because of an overuse of economics, but because economic and scientific evidence was ignored.
Navigating the Perfect Storm of Economic, Environmental, and Energy Challenges
The Cost-Benefit Compass: Navigating the Perfect Storm of Economic, Environmental, and Energy Challenges discusses how the next administration can use cost-benefit analysis to address the three great interrelated challenges facing the country.
Academic Article/Working Paper
Cost-Benefit Analysis and Regulatory Gridlock
In Cause or Cure?: Cost-Benefit Analysis and Regulatory Gridlock, Michael A. Livermore argues that cost-benefit analysis can be used to overcome regulatory paralysis. An earlier version of this working paper was presented at the Breaking the Logjam Conference at NYU Law in the spring of 2008.
How Cost-Benefit Analysis Can Better Protect the Environment and Our Health
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.