Why and How Independent Agencies Should Conduct Regulatory Impact Analysis

40 Pages Posted: 27 Apr 2018

See all articles by Jerry Ellig

Jerry Ellig

George Washington University - Regulatory Studies Center

Multiple version iconThere are 2 versions of this paper

Date Written: March 19, 2018

Abstract

Independent regulatory agencies face increasing pressure to conduct high-quality economic analysis of regulations, similar to the regulatory impact analysis conducted by executive branch agencies. Such analysis could be required by evolving judicial doctrines, regulatory reform statutes, or executive order. This article explains how regulatory impact analysis can contribute to smarter regulation, documents the current low quality of such analysis at many independent regulatory agencies, and offers a blueprint that independent agencies can use to build their capacity to conduct objective, high-quality analysis.

Keywords: administrative procedure, independent agencies, regulation, regulatory reform, regulatory process, benefit-cost analysis, cost-benefit, regulatory impact analysis, regulatory review

JEL Classification: D61, D73, D78, H11, H83, K23, L51, P16

Suggested Citation

Ellig, Jerry, Why and How Independent Agencies Should Conduct Regulatory Impact Analysis (March 19, 2018). Available at SSRN: https://ssrn.com/abstract=3169413 or http://dx.doi.org/10.2139/ssrn.3169413

Jerry Ellig (Contact Author)

George Washington University - Regulatory Studies Center ( email )

805 21st St. NW
Washington, DC 20052
United States
703-375-9410 (Phone)

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