A brief comment on "humanizing cost-benefit analysis"

European Journal of Risk Regulation

Volumn 2, Issue 1, 2011, Pages 13-17

  Livermore, Michael A ^a  

^a NEW YORK UNIVERSITY SCHOOL OF LAW   (United States)

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EID: 84881845885     PISSN: 1867299X     EISSN: 21908249     Source Type: Journal    
DOI: 10.1017/S1867299X0000057X     Document Type: Note

References (21)

1. Exec. Order No. 13,563, 76 Fed. Reg. 3821 (Jan. 18, 2011).
2. Memorandum for the Heads of Executive Departments and Agencies on Regulatory Compliance, 76 Fed. Reg. 3825 (Jan. 18, 2011).
3. Memorandum for the Heads of Executive Departments and Agencies on Regulatory Flexibility, Small Business, and Job Creation, 76 Fed. Reg. 3827 (Jan. 18, 2011).
4. 58 Fed. Reg. 51,735 (Sept. 30, 1993).
5. Minor modifications were made at the end of President Bush's term. Executive Order 13,422, 72 Fed. Reg. 2763 (Jan. 18, 2007). These revisions were rescinded on February 4, 2009. Executive Order 13,497, 74 Fed. Reg. 6113 (Jan. 30, 2009).
6. See Murray Weidenbaum, "Regulatory Process Reform from Ford to Clinton", 20 Regulation (Spring 1997), at p. 20. Weidenbaum was an early proponent of the use of cost-benefit analysis, and was a member of President Reagan's Council of Economic Advisors. Richard L. Revesz and Michael A. Livermore, Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Environment and Our Health (2008), pp. 22-25.
7. Exec. Order No. 12,291, 46 Fed. Reg. 13,193 (Feb. 17, 1981).
8. See, e.g., "Public Citizen, Safeguards at Risk: John Graham and Corporate America's Back Door to the Bush White House" (March 2001).
9. Elena Kagan, "Presidential Administration", 114 Harv. L. Rev. (2001), p. 2245.
10. Chris Mooney, "Paralysis by Analysis, Jim Tozzi's Regulation to End All Regulation", 36 Wash. Monthly (May 2004), pp. 23, 24.
11. See generally Steven Shavell, "A Note on Efficiency vs. Distributional Equity in Legal Rulemaking", 71 Am. Econ. Rev. (Papers and Proc.) (1981), p. 414.
12. See, e.g., Office of Management and Budget, Circular A-4, Regulatory Analysis: Memorandum to the Heads of Executive Agencies and Establishments (Sep. 9, 2003); Environmental Protection Agency, Guidelines for Preparing Economic Analyses (2010).
13. See H.M Treasury, The Green Book: Appraisal and Evaluation in Central Government 25 (2003), pp. 91-96.
14. EPA, Office of Envtl. Justice, EPA's Action Development Process: Interim Guidance on Considering Environmental Justice During the Development of an Action (2010), available on the Internet at http://www.epa.gov/compliance/environmentaljustice/resources/policy/considering-ej-in-rulemaking-guide-07-2010.pdf.
15. EPA, Office of Enforcement & Compliance Assurance, Plan EJ
16. Draft for Public Comment (2010), available on the Internet at http://www.epa.gov/environmentaljustice/resources/policy/plan-ej-2014.pdf.
17. Cass Sunstein and Richard H. Thaler, Nudge: Improving Decisions about Health, Wealth, and Happiness (2008).
18. See, e.g., Michael Greenstone, "Toward a Culture of Persistent Regulatory Experimentation and Evaluation" in David Moss and John Cisternino (eds), New Perspectives on Regulation (2009).
19. Dep't of Energy, Small Electric Motors Final Rule Technical Support Document Appendix 15A: Social Cost of Carbon for Regulatory Impact Analysis Under Executive Order 12866 (2010)(presenting the results of the Interagency Working Group on Social Cost of Carbon).
20. Letter from Richard L. Revesz and Michael A. Livermore to Office of Information and Regulatory Affairs Administrator Cass Sunstein (Dec. 16, 2010), available on the Internet at http://policyintegrity.org/documents/12.16_10_OIRA_Interagency_Label_Letter_pdf.
21. Small Business Regulatory Enforcement Fairness Act, Pub. L. 104-121 (1996) (amending Regulatory Flexibility Act).