Are regulatory costs overestimated or underestimated by academics and government types? Depends on the case, of course. But the conventional wisdom is that the bias is toward overestimation because, when push comes to shove, industry finds cheaper ways to the job done. In a new paper, though, EPA …
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By Robert Hahn, Peter Passell | Tags: benefit-cost, David Simpson, Environmental Protection Agency | Category: Cost-Benefit Analysis, Quick Takes |
 Leave a commentGordon Brown, Britain’s embattled prime minister, testified before the Chilcot inquiry on the Iraq war that every request from the military “was answered. No request was ever turned down.” He also noted that, “In an ideal world I know our commanders would like to have … By Robert Hahn, Peter Passell | Tags: Chilcot inquiry, Gordon Brown, Harry Truman, Iraq war | Category: Cost-Benefit Analysis |
Leave a commentEleven years ago, one of us (Hahn) produced some research on the consequences of using cell phones while driving – research that proved controversial. The upshot was that the case for banning cell phone use while driving was no slam dunk. Others – well, almost everybody who took keyboard to hand … By Robert Hahn, Peter Passell | Tags: driving, James E. Prieger, mobile phones, texting, Tom and Ray Magliozzi | Category: Cost-Benefit Analysis, Safety Regulation |
Leave a commentWe understand why Toyota is recalling millions of cars and trucks built since 2004. The value of the Toyota brand, linked closely to the company’s reputation for reliability, is at stake. We are less certain why the Secretary of Transportation is exhorting consumers to stop driving models that … |
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