Correcting for the Wealth Bias of Cost-Benefit Analysis Through Use of "Percentage of Wealth"-Based Valuations

No Thumbnail Available
Authors
Gregory Scott Crespi
Issue Date
2013
Type
Journal Article
Language
Keywords
Research Projects
Organizational Units
Journal Issue
Alternative Title
Abstract
INTRODUCTION|Cost-benefit analysis is the most important policy evaluation technique used in American public sector decision-making. Policymakers claim this technique is effective in helping to identify policies that will increase overall social welfare. Policymakers also claim the technique is a means of countering special interest groups that seek to promote policies favoring their interests at others' expense. Cost-benefit analysis plays a particularly important role in federal administrative rulemaking. The prominent legal scholar and former Administrator of the federal Office of Information and Regulatory Affairs, Cass Sunstein, has gone so far as to claim that "[the] American government is becoming a cost-benefit state." Sunstein also endorses this development as an aid to rationalize government decision-making and to insulate government from the pressure of special interest groups, increasing regulatory transparency and public accountability...
Description
Citation
46 Creighton L. Rev. 149(2012-2013)
Publisher
Creighton University School of Law
License
Journal
Volume
Issue
PubMed ID
DOI
ISSN
EISSN