About the Author
Robert N. Stavins is the Albert Pratt Professor of Business and Government, Director of the Harvard Environmental Economics Program, and Chairman of the Environment and Natural Resources Faculty Group.
Tag Archives: Regulatory Impact Analysis
Is Benefit-Cost Analysis Helpful for Environmental Regulation?
With the locus of action on Federal climate policy moving this week from the House of Representatives to the Senate, this is a convenient moment to step back from the political fray and reflect on some fundamental questions about U.S. … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Economics, Natural Resource Policy
Tagged benefit-cost analysis, cost-effectiveness, distributional analysis, distributional equity, economic valuation, efficiency, environmental politics, externalities, first welfare theorem, global climate policy, information problems, market failure, monetary values, Obama Administration, Office of Management and Budget, regulation, Regulatory Impact Analysis, U.S. House of Representatives, U.S. Senate, uncertainty, Waxman-Markey legislation
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The Wonderful Politics of Cap-and-Trade: A Closer Look at Waxman-Markey
The headline of this post is not meant to be ironic. Despite all the hand-wringing in the press and the blogosphere about a political “give-away” of allowances for the cap-and-trade system in the Waxman-Markey bill voted out of committee … Continue reading
Posted in Climate Change Policy, Energy Policy, Environmental Economics, Environmental Policy, Positive Political Economy
Tagged allowance allocation, cap-and-trade, cost incidence, cost-effectiveness, distributional analysis, distributional equity, efficiency, environmental politics, global climate policy, Hamilton Project, import allowance requirement, local distribution companies, market-based environmental policies, Obama Administration, Office of Management and Budget, output-based updating allocation, regulation, Regulatory Impact Analysis, revenue-neutral taxes, Waxman-Markey legislation
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Does economic analysis shortchange the future?
Decisions made today usually have impacts both now and in the future. In the environmental realm, many of the future impacts are benefits, and such future benefits — as well as costs — are typically discounted by economists in their … Continue reading
Posted in Climate Change Policy, Energy Economics, Energy Policy, Environmental Economics, Environmental Policy, Natural Resource Economics
Tagged benefit-cost analysis, discount rate, discounting, distributional analysis, distributional equity, economic valuation, efficiency, global climate policy, monetary values, Office of Management and Budget, regulation, Regulatory Impact Analysis, temporal analysis, time, uncertainty
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What Baseball Can Teach Policymakers
With the Major League Baseball season having just begun, I’m reminded of the truism that the best teams win their divisions in the regular season, but the hot teams win in the post-season playoffs. Why the difference? The regular season … Continue reading
Posted in Environmental Economics, Environmental Policy
Tagged baseball, benefit-cost analysis, cost-effectiveness, efficiency, information problems, Monte Carlo analysis, Nonroad Diesel Rule, Obama Administration, Office of Management and Budget, regulation, Regulatory Impact Analysis, uncertainty
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