Staying within the Guardrails

Daniel Farber, Staying within the Guardrails, The Environmental Forum (March/April 2022), at 40.

8 Pages Posted: 18 Feb 2022

See all articles by Daniel A. Farber

Daniel A. Farber

University of California, Berkeley - School of Law

Date Written: February 13, 2022

Abstract

Cost-benefit analysis has been central to the process of issuing new regulations since 1981. Today, it's under assault from both ends of the political spectrum. This essay offers some thoughts about how cost-benefit analysis can still play a useful but more restricted role in the future. Rather than serving as the controlling standard for regulatory agencies it can be more usefully seen as an important part of a multi-factor analysis of regulatory effects. In that role, it can serve as a reality check on regulations that, in the pursuit of other goals, impose costs that are grossly disproportionate to a regulation's positive effects.

Keywords: cost-benefit analysis, regulatory policy

Suggested Citation

Farber, Daniel A., Staying within the Guardrails (February 13, 2022). Daniel Farber, Staying within the Guardrails, The Environmental Forum (March/April 2022), at 40., Available at SSRN: https://ssrn.com/abstract=4033777

Daniel A. Farber (Contact Author)

University of California, Berkeley - School of Law ( email )

Boalt Hall
Room 894
Berkeley, CA 94720-7200
United States
510-642-0340 (Phone)
510-642-3728 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
16
Abstract Views
93
PlumX Metrics