One problem: Voters aren't buying it. President Biden recently promised to “modernize” regulatory review, and that includes a major overhaul of how agencies measure the benefits and costs of their ...

Conservatives once promoted cost-benefit analysis to check the administrative state—until it got better at measuring the huge benefits of regulation. It’s the end of an era. The GOP, in the person of ...

Forbes contributors publish independent expert analyses and insights. Fred L. Smith Jr. Fellow at the Competitive Enterprise Institute. This article is more than 2 years old. Some aspire to understand ...

Conservatives support cost-benefit analysis when it slows progressive regulation but abandon it when it stands in the way of their deregulatory agenda. For the past 40 years, the process by which the ...

The Biden Administration is revising the rules for how agencies conduct cost-benefit analyses, and some CBA experts have expressed concerns. Earlier this year, President Biden issued an Executive ...

The social cost of carbon (SCC) quantifies the economic damage associated with emitting a ton of carbon dioxide into the atmosphere. Regulatory impact analyses from U.S. federal agencies utilize the ...

A large new global study of project performance over 86 years confirms that ingrained optimism bias results in forecast-based cost-benefit analyses "so misleading as to be worse than worthless," say ...