Announcements
The Society for Benefit-Cost Analysis is now accepting proposals for its 2024 Annual Conference to be held on March 18-19 in person at The George Washington University, Washington, DC, and April 4-5 virtually. Submissions must be received by October 31, 2023, to be guaranteed consideration by the Program Committee.Learn more>>
Members in the News
John Graham and Kerry Krutilla recently co-authored a book published by Cambridge Press in their core elements series in public economics: “Benefit-Cost Analysis of Air Pollution, Energy, and Climate Regulations. The book is open access. The book compares and contrasts Regulatory Impact Assessment in the U.S. and Europe, and addresses five methodology issues: the estimation of costs, including engineering, partial equilibrium, and general equilibrium approaches; the estimation of benefits, with sections on the value of mortality risk reductions and pricing carbon emissions; discounting methods, and their relationship to carbon pricing; distributional analysis, including impacts on workers, producers, consumers, and beneficiaries; and the evaluation of less and more fundamental uncertainty. A perspective on the relevance and limitations of current research is also offered.
The proposed revisions to Circular A-4 recently put forward by the Office of Information and Regulatory Affairs include guidance on applying what are referred to as "distributional weights." In a recent paper, Dan Acland and David Greenberg explicitly recommend that distributional weighting of the sort presented in the proposed revisions be adopted by federal agencies. The latest SBCA blog post clarifies their position, in the hope that criticisms of distributional weighting may be better understood and laid to rest. Read more>>
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