Promoting Best Practices for U.S. Regulatory Analysis
Benefit-cost analysis experts advocate changes to a draft update of OMB Circular A-4.
Efficient Risk Regulations Do Not Increase Risks
As a practical matter, the VSL is successful in balancing the benefits and costs of regulation.
The Long-Term Value of the Value of a Statistical Life
The VSL is necessarily based on market preferences that accurately reflect society’s valuation of risks and benefits.
Failing to Think Properly About the Value of a Statistical Life
Using the VSL to measure benefits promotes the interests of individuals who are affected by regulation.
How Regulatory Agencies Undervalue Life
Agencies should boost penalties for fatal rule violations to match the value of a statistical life.
Do We Know How Risky E-Cigarettes Are?
E-cigarettes are less dangerous than is generally believed, posing a unique information challenge for regulators.