Almost fifty years of presidential direction and agency practice, combined with ten years of increasing encouragement from the Supreme Court, suggest that the cost-benefit state has not only arrived, but is well past its introductory season. Benefit-cost balancing is now a dominant paradigm in...

Regulatory impact analyses (RIAs) weigh the benefits of regulations against the burdens they impose and are invaluable tools for informing decision makers. We offer 10 tips for nonspecialist policymakers and interested stakeholders who will be reading RIAs as consumers. 1. Core problem:...

When President George W. Bush entered the White House, it was clear to observers that he wanted to pursue a different regulatory review philosophy than his predecessor. So what has the Bush administration done since arriving in Washington? What grade should we give its performance?

The Bush Office of Management and Budget has released a new draft Circular containing guidelines to be used by regulatory agencies in preparing Regulatory Impact Analyses. The draft has surprised many observers because it appears to impose less discipline, not more, on the practices of...