Benefit-cost analysis reduces all of the impacts of a proposed policy change to a common unit of measurement. It is used in a wide variety of fields including agriculture, life and health, transportation and the environment. In this single volume the editors, both leading scholars in their...

The Interstate Commerce Commission (ICC) is a classic example of regulation, and the origins and operation of this agency have been much analyzed. These have been variously described as examples of public interest regulation, capture regulation, and what I have called predatory regulation. By...