Cost-Benefit Analysis in the Federal Rulemaking Process

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This book examines a common concern voiced by proponents of regulatory reform in recent decades which has been that the costs associated with certain regulations outweigh the benefits that the regulations are intended to provide. To improve the quality and effectiveness of federal rules and minimise burden, regulatory reform proponents have frequently advocated greater use of a range of analytic tools during the rulemaking process, including cost-benefit analysis and cost-effectiveness analysis.