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Environmental Policy Under Reagan's Executive Order: The Role of Benefit-Cost Analysis
This book enhances economic methods for social cost-benefit analysis of air pollution control measures at point emission sources. A new and highly resolved health damage cost assessment framework is developed and applied, notably in order to evaluate the influence of site-dependent and generic methodological choices. Several of these are shown to have a major impact on resulting health damage costs with important implications for decision-making.
This element offers a review and synthesis of the research on economic methods for evaluating regulations that improve air quality, save energy, and reduce climate risks. The intended audience is regulators and other constituencies interested in the nexus between scholarship and practice; analysts in government agencies and research organizations; and academic scholars and their graduate students. Topics include the evolution of regulatory impact assessment in the OECD; cost estimation, including engineering, partial equilibrium, and general equilibrium approaches; benefit valuation, with an emphasis on the value of reducing risk of illness and premature mortality, and methods for pricing carbon emissions; discounting methods, and their relationship to carbon pricing; the distribution of regulatory costs and benefits; and uncertainty evaluation methods for addressing less and more fundamental uncertainty. Perspective on the relevance and limitations of current research is offered. This title is also available as Open Access on Cambridge Core.
This book enhances economic methods for social cost-benefit analysis of air pollution control measures at point emission sources. A new and highly resolved health damage cost assessment framework is developed and applied, notably in order to evaluate the influence of site-dependent and generic methodological choices. Several of these are shown to have a major impact on resulting health damage costs with important implications for decision-making. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.