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Cost-Benefit Analysis of Regulations

October 11th - 12th, 2007

Keynote Address: Reflections on How Cost-Benefit Analysis Came to Government
Presenter:
James C. Miller III, Chairman, United States Postal Service Board of Governors

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Government Failure versus Market Failure
Presenter:
Aided and Abetted: Lawyers' Rents and Government Policy
Clifford Winston, Senior Fellow, Economic Studies, The Brookings Institution

Commentators:
Wendy Lee Gramm, Mercatus Center at George Mason University
David Haddock, Northwestern University School of Law
Burton A. Weisbrod, Northwestern University

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Does Cost-Benefit Analysis of Regulations Result in More Regulation?
Presenter:
Lifesaving Regulation: Enhancing the Role of Benefit-Cost Analysis
John D. Graham, Dean, Frederick S. Pardee RAND Graduate School

Commentators:
Robert Crandall, The Brookings Institution
Fred S. McChesney, Northwestern University School of Law

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Cost-Benefit Analysis of Climate Change Regulations
Presenter:
The Complex Climate Change Incentives of China and the United States
Cass R. Sunstein, Karl N. Llewellyn Distinguished Service Professor of Jurisprudence, University of Chicago

Commentators:
David Dana, Northwestern University School of Law
Jonathan H. Adler, Case Western University School of Law
Daniel H. Cole, Indiana University School of Law–Indianapolis

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The Future of Cost-Benefit Analysis
Presenter:
An Ethical Benefit-Cost Analysis
Richard O. Zerbe, Jr., Associate Dean and Daniel J. Evans Professor, Daniel J. Evans School of Public Affairs, University of Washington

Commentators:
Sally Katzen, George Mason University School of Law
Charles F. Manski, Department of Economics and Institute for Policy Research, Northwestern University
Wendy Lee Gramm, Mercatus Center at George Mason University
John D. Graham, Dean, Frederick S. Pardee RAND Graduate School

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Regulatory agencies have long understood the importance of the government's balancing the costs against the benefits of regulation.  The necessity of taking both sides of the ledger into account was emphasized by the creation of the Office of Information and Regulatory Affairs (OIRA) in 1980.  The function of OIRA has been precisely to weigh the benefits against the costs of government regulation.

This conference focuses on how cost-benefit analysis has functioned.  OIRA Administrator Susan Dudley will give the keynote address. Several past administrators of OIRA; James C. Miller III, Wendy Gramm, Sally Katzen, and John Graham, will speak about how cost-benefit analysis has worked, or not worked.  More broadly, others who have worked on analyzing government regulation will also participate. 

This conference should be of interest to all those involved in regulatory affairs, as well as those seeking to understand better how the review of government regulation by government itself is conducted.

 

Schedule of Events

Brochure

 

Program Chair
This conference was organized by Fred S. McChesney, Class of 1967 James B. Haddad Professor of Law, Northwestern University School of Law.

Contact
For more information regarding this conference or other initiatives of the Searle Center , please call (312) 503-1811 or send an email to searlecenter@law.northwestern.edu

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