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The Globalization of Cost-Benefit Analysis in Environmental Policy$
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Michael A. Livermore and Richard L. Revesz

Print publication date: 2013

Print ISBN-13: 9780199934386

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199934386.001.0001

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The Diffusion of Regulatory Oversight

The Diffusion of Regulatory Oversight

(p.123) 8 The Diffusion of Regulatory Oversight
The Globalization of Cost-Benefit Analysis in Environmental Policy

Jonathan B. Wiener

Oxford University Press

Cost-benefit analysis is essentially the idea that good decision making requires weighing the benefits against the costs. An intuitive approach, its development is neither recent nor exclusive to any particular region. The author traces the roots of cost-benefit analysis’s international nature to conversations between American and French intellectuals during the late eighteenth century and discussing the modern process of "hybridization" through which ideas about cost-benefit analysis, regulatory impact analysis, and administrative review have spread throughout the world. The author argues that cost-benefit analysis grows not by the transfer of methods from developed to developing nations, but by experimentation, borrowing, adaptation, and integration. This process reflects the evolution of administrative systems generally, which is characterized by multiple sources of ingenuity and sharing.

Keywords:   International, hybridization, regulatory impact analysis, administrative review, experimentation, borrowing, adaptation, integration

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