Economic Analyses at EPA: Assessing Regulatory Impact / Edition 1

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Overview

For years, the Environmental Protection Agency has been conducting programmatic 'economic analyses,' also known as Regulatory Impact Analyses (RIAs), to assess the economic effects of its regulatory efforts. This important volume explains the purpose of these analyses, along with their design, execution, conclusions, and their ultimate impact on environmental rules. Richard Morgenstern, formerly director of EPA�s Office of Policy
Analysis, has assembled twelve original case studies of RIAs performed over the past decade on matters such as lead in gasoline, ozone depletion, asbestos, clean drinking water, and sewage management. The contributors, most of whom actually worked on these RIAs, provide detailed examination of why and how they were performed. The case studies critique the nature, amount, and quality of data used by the EPA in their benefit-cost and cost-effectiveness analyses as well as the use (or abuse) of the results in final decisionmaking. The authors illustrate how the analyses take into account difficult issues such as discounting, risk, nonmonetized benefits and costs, and equity. Morgenstern provides the necessary historical context and the legal framework for requiring and conducting EAs. He describes new procedures outlined by the Clinton administration and synthesizes the case studies into thoughtful cross-cutting conclusions, drawing important lessons that will improve future analyses.
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Editorial Reviews

From the Publisher
'Should be required reading for anyone who is seriously interested in sound environmental policy.'
Jonathan Lash, World Resources Institute
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Product Details

  • ISBN-13: 9780915707836
  • Publisher: Taylor & Francis
  • Publication date: 6/28/1997
  • Series: Resources for the Future Series
  • Edition description: 1
  • Edition number: 1
  • Pages: 496
  • Product dimensions: 5.98 (w) x 8.98 (h) x 1.08 (d)

Meet the Author

Richard D. Morgenstern is a senior fellow at Resources for the Future.

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Table of Contents

Foreword
Paul R. Portney
Preface
Richard D. Morgenstern
1. Introduction to Economic Analyses at EPA
Richard D. Morgenstern
2. The Legal and Institutional Setting for Economic Analysis at EPA
Richard D. Morgenstern
3. Conducting an Economic Analysis: Rationale, Issues, and Requirements
Richard D. Morgenstern
4. Lead in Gasoline
Albert L. Nichols
5. Water Pollution and the Organic Chemicals Industry
Peter Caulkins and Stuart Sessions
6. Stratospheric-Ozone Depletion
James K. Hammitt
7. Asbestos
Christine M. Augustyniak
8. Lead in Drinking Water
Ronnie Levin
9. Municipal Landfill Management
Sara Rasmussen
10.Visibility at the Grand Canyon and the Navajo Generating Station
Leland Deck
11. Agricultural Pesticides and Worker Protection
Louis P. True Jr.
12. Vehicle Inspection/Maintenance
Todd Ramsden
13. Municipal Sewage Sludge Management
Mahesh Podar, Susan Burris, and Robert S. Raucher
14. Reformulated Gasoline
Robert C. Anderson and Richard A. Rykowski
15. Great Lakes Water Quality Guidance
Eloise Trabka Castillo, Mark L. Morris, and Robert S. Raucher
16. Economic Analysis: Benefits, Costs, Implications
Richard D. Morgenstern and Marc K. Landy

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