Economic Foundations of the Current Regulatory Reform Efforts

Authors

W. Kip Viscusi

Document Type

Article

Publication Title

Journal of Economic Perspectives

Publication Date

Summer 1996

ISSN

0895-3309

Page Number

119

Keywords

regulatory policymaking, benefit costs, risk assessment

Disciplines

Law | Law and Economics

Abstract

Almost since the inception of the risk and environmental agencies in the early 1970s, there has been a continuing concern with ensuring that regulations yield societal benefits commensurate with their costs. This recognition of the need for balance, in turn, has led policymakers to seek a greater role for economists, and the principles of economic analysis undoubtedly will continue to play a central role in the debate over the future of regulatory policy.

Recommended Citation

W. Kip Viscusi, Economic Foundations of the Current Regulatory Reform Efforts, 10 Journal of Economic Perspectives. 119 (1996)
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/71