Using Environmental Benefit-Cost Analysis to Improve Government Performance

dc.contributor.authorFarrow, Scott
dc.contributor.authorToman, Michael
dc.date.accessioned2021-08-10T18:02:33Z
dc.date.available2021-08-10T18:02:33Z
dc.date.issued1998-12
dc.description.abstractIn this paper we first describe the legal and administrative basis of mandates that variously require and eschew economic measures for environmental management. We then summarize the steps involved in benefit-cost analysis and what can and cannot be accomplished with such information. Our basic conclusion is that while the approach is not perfect, benefit-cost analysis has a solid methodological footing and provides a valuable performance measure for an important governmental function, improving the well-being of society. However, benefit-cost analysis requires analytical judgements which, if done poorly, can obfuscate an issue or worse, provide a refuge for scoundrels in the policy debate. We conclude the article with specific suggestions for both the everyday performance of benefit-cost analysis and its use in policy decision-making.en_US
dc.description.urihttps://media.rff.org/archive/files/sharepoint/WorkImages/Download/RFF-DP-99-11.pdfen_US
dc.format.extent19 pagesen_US
dc.genrejournal articlesen_US
dc.identifierdoi:10.13016/m2ggs2-sw15
dc.identifier.citationFarrow, Scott; Toman, Michael; Using Environmental Benefit-Cost Analysis to Improve Government Performance; Resources for the Future, December 1998; https://media.rff.org/archive/files/sharepoint/WorkImages/Download/RFF-DP-99-11.pdfen_US
dc.identifier.urihttp://hdl.handle.net/11603/22385
dc.language.isoen_USen_US
dc.publisherResources for the Futureen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.en_US
dc.subjectbenefit-cost analysisen_US
dc.subjectenvironmental regulationen_US
dc.subjectregulatory reformen_US
dc.titleUsing Environmental Benefit-Cost Analysis to Improve Government Performanceen_US
dc.typeTexten_US
dcterms.creatorhttps://orcid.org/0000-0001-7106-8924en_US

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