Benefit-Cost Analysis in Environmental, Health, and Safety Regulation

This primer highlights both the strengths and the limitations of benefit-cost analysis in the development, design, and implementation of regulatory reform.

Kenneth J. Arrow is the Joan Kenney Professor of Economics Emeritus at Stanford University. Maureen L. Cropper is a principal economist at the World Bank, a professor of economics at the University of Maryland, and a senior fellow at Resources for the Future. George C. Eads is a vice president for Charles River Associates, Inc. Robert W. Hahn is a resident scholar at AEI, a research associate at Harvard University, and an adjunct professor of economics at Carnegie Mellon University.