Has economie analysis improved regulatory decisions?

Autores

  • Robert W. Hahn American Enterprise Institute
  • Paul C. Tetlock Yale University

DOI:

https://doi.org/10.12660/rda.v282.2023.89344

Palavras-chave:

regulatory policy, regulatory decision making, economic analysis

Resumo

In response to the increasing impact of regulation, several governments have introduced economic analysis as a way of trying to improve regulatory policy. This paper provides a comprehensive assessment of government-supported economic analysis of regulation. We find that there is growing interest in the use of economic tools, such as benefit-cost analysis; however, the quality of analysis in the U.S. and European Union frequently fails to meet widely accepted guidelines. Furthermore, the relationship between analysis and policy decisions is tenuous. To address this situation, we recommend pursuing an agenda in which economics plays a more central role in regulatory decision making. In addition, we suggest that prediction markets could help improve regulatory policy and improve measurement of the impact of regulation.

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Biografia do Autor

Robert W. Hahn, American Enterprise Institute

Robert Hahn is Co-founder and Executive Director of the AEI-Brookings Joint Center for Regulatory Studies and a scholar at American Enterprise Institute, both in Washington, D. C.  

Paul C. Tetlock, Yale University

Paul Tetlock is Visiting Assistant Professor of Finance, Yale University, New Haven, Connecticut, on leave from the University of Texas, Austin, Texas.

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Publicado

2023-08-21

Como Citar

Hahn, R. W., & Tetlock, P. C. (2023). Has economie analysis improved regulatory decisions?. Revista De Direito Administrativo, 282(2), 75–100. https://doi.org/10.12660/rda.v282.2023.89344

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