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Cost-benefit analysis as a solution to a principal-agent problem

Article Abstract:

The author examines Stephen F. Williams' philosophical defense of cost-benefit analysis in government environmental regulation and discusses role of cost-benefit analysis in ensuring that government agencies act consistently in meeting the governmental and public goals.

Author: Sunstein, Cass R.
Publisher: American Bar Association
Publication Name: Administrative Law Review
Subject: Law
ISSN: 0001-8368
Year: 2001
Economic aspects, Administrative agencies, Government agencies

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Is cost-benefit analysis for everyone?

Article Abstract:

The author, responding to Stephen F. Williams' examination of cost-benefit analysis in environmental regulation, argues that CBA is the best option available for priority setting in most instances, despite the limitations of the neoclassical economics model.

Author: Sunstein, Cass R.
Publisher: American Bar Association
Publication Name: Administrative Law Review
Subject: Law
ISSN: 0001-8368
Year: 2001
Models, Neoclassical economics

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Risk, death, and time: a comment on Judge Williams' defense of cost-benefit analysis

Article Abstract:

The author contends that Stephen F. Williams' defense of cost-benefit analysis in assessing environmental risk is overly broad because the concept of willingness to pay breaks down when confronted with death-causing policies.

Author: Adler, Matthew D., Sunstein, Cass R.
Publisher: American Bar Association
Publication Name: Administrative Law Review
Subject: Law
ISSN: 0001-8368
Year: 2001

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Subjects list: United States, Laws, regulations and rules, Criticism and interpretation, Cost benefit analysis, Environmental auditing, Environmental law, Williams Stephen F., Planning, Finance
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