Why Cost-Benefit Analysis In Enviro Law Is Superior

Law360, New York (June 12, 2013, 12:51 PM EDT) -- For at least the past five presidential administrations, federal regulations have been required to undergo a cost-benefit analysis to assess their efficiency and determine whether there are any better alternatives. The basic idea is that decisions are assessed by quantifying and weighing both the costs and benefits of implementing a particular regulation. This concept has basic origins in the tort common law, has been implemented frequently in federal laws and regulations and has been written about favorably by the federal courts.

However, not everyone believes that...
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