Justifying Regulations

Note from the Digital Editor: In order to highlight the high-level of research and scholarship from the authors who have published in the William & Mary Policy Review’s peer-reviewed print journal, we have reproduced the abstracts from Volume 4, Issue 2 along with a link to an electronic copy of the full form of the piece. 

(image by Daniel Mennerich)

Examining the Benefit Side of the Equation

This paper evaluates the efficacy of agencies’ cost benefit analysis. To assess a policy’s given benefits, the paper describes multiple indices for performance, using case studies that trace regulatory policy across various branches and levels of the federal government. In assessing these policies to determine whether agencies realize the benefits they claim for regulations, the author looks to determine whether the regulation addresses a systemic problem in a market or government, then seeks to determine if the regulation explains how it will solve the problem it is intended to resolve. Through this process, this paper documents the validity of the claims federal agencies make with respect to the benefis of their regulatory actions, and illuminates several shortcomings in traditional regulatory analysis practices, focusing on both monetary and nonmonetary factors.

Find the full version of this article in PDF form here.

Sherzod Abdukadirov is a Research Fellow at the Mercatus Institute, George Mason University.

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