Skip to main content
×
Home
    • Aa
    • Aa

Consumer’s Guide to Regulatory Impact Analysis: Ten Tips for Being an Informed Policymaker

  • Susan Dudley (a1), Richard Belzer (a2), Glenn Blomquist (a3), Timothy Brennan (a4), Christopher Carrigan (a5), Joseph Cordes (a6), Louis A. Cox (a7), Arthur Fraas (a8), John Graham (a9), George Gray (a10), James Hammitt (a11), Kerry Krutilla (a12), Peter Linquiti (a13), Randall Lutter (a14), Brian Mannix (a15), Stuart Shapiro (a16), Anne Smith (a17), W. Kip Viscusi (a18) and Richard Zerbe (a19)...
Abstract

Regulatory impact analyses (RIAs) weigh the benefits of regulations against the burdens they impose and are invaluable tools for informing decision makers. We offer 10 tips for nonspecialist policymakers and interested stakeholders who will be reading RIAs as consumers.

1.

Core problem: Determine whether the RIA identifies the core problem (compelling public need) the regulation is intended to address.

2.

Alternatives: Look for an objective, policy-neutral evaluation of the relative merits of reasonable alternatives.

3.

Baseline: Check whether the RIA presents a reasonable “counterfactual” against which benefits and costs are measured.

4.

Increments: Evaluate whether totals and averages obscure relevant distinctions and trade-offs.

5.

Uncertainty: Recognize that all estimates involve uncertainty, and ask what effect key assumptions, data, and models have on those estimates.

6.

Transparency: Look for transparency and objectivity of analytical inputs.

7.

Benefits: Examine how projected benefits relate to stated objectives.

8.

Costs: Understand what costs are included.

9.

Distribution: Consider how benefits and costs are distributed.

10.

Symmetrical treatment: Ensure that benefits and costs are presented symmetrically.

  • View HTML
    • Send article to Kindle

      To send this article to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle.

      Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

      Find out more about the Kindle Personal Document Service.

      Consumer’s Guide to Regulatory Impact Analysis: Ten Tips for Being an Informed Policymaker
      Available formats
      ×
      Send article to Dropbox

      To send this article to your Dropbox account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your Dropbox account. Find out more about sending content to Dropbox.

      Consumer’s Guide to Regulatory Impact Analysis: Ten Tips for Being an Informed Policymaker
      Available formats
      ×
      Send article to Google Drive

      To send this article to your Google Drive account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your Google Drive account. Find out more about sending content to Google Drive.

      Consumer’s Guide to Regulatory Impact Analysis: Ten Tips for Being an Informed Policymaker
      Available formats
      ×
Copyright
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Corresponding author
*e-mail: sdudley@gwu.edu
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Journal of Benefit-Cost Analysis
  • ISSN: 2194-5888
  • EISSN: 2152-2812
  • URL: /core/journals/journal-of-benefit-cost-analysis
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Keywords:

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 87
Total number of PDF views: 421 *
Loading metrics...

Abstract views

Total abstract views: 642 *
Loading metrics...

* Views captured on Cambridge Core between 27th July 2017 - 20th August 2017. This data will be updated every 24 hours.