Designing Smarter Regulation with Improved Benefit-Cost Analysis

Benefit-Cost Analysis for Financial Regulation

The Dodd-Frank Wall Street Reform Act calls for extensive rule-making for financial regulation, the details of which are left up to the relevant enforcement agencies. To help ensure that this wide discretion is not abused, regulators should be required to use Benefit-Cost Analysis (BCA). While BCA has been used extensively and increasingly in in environmental, health and safety regulation (EHS)...

Cost-Benefit Analysis in Canadian Securities Regulation

A Cost-Benefit Analysis

The purpose of this study was to evaluate and compare the clinical effects, safety, and economic cost of propofol and midazolam in the sedation of patients undergoing mechanionl ventilation in the ICU. Eighty-eight critically ill patients were studied and randomly allocated to receive short-term (less than 24 h), medium-term (24 h to 7 days), and prolonged (more than 7 days)continuous sedation ...

A cost/benefit analysis

Order is the key word of science. Scientists have tried to order and explain all the phenomena of the universe. They found that the planets and stars move along predictable paths, discovered the laws of gravitation and devised formulae to describe inheritance. For them, the universe is like a clock. Their mission is to discover and explain the mechanism of this clock and thus explain the laws t...

Benefit-Cost Paradigms in Financial Regulation

This paper builds on contributions to a Conference on Benefit-Cost Analysis of Financial Regulation, held at the University of Chicago, to show how benefit-cost analysis (BCA) of financial regulations should be conducted. Our major themes are that (1) on theoretical grounds, BCA should be easier for financial regulation than for other areas of regulation where it is already used, such as health...