Grading Estimates of the Benefits and Costs of Federal Regulation
Grading Estimates of the Benefits and Costs of Federal Regulation
复制标题
联邦监管的收益和成本的分级估计
DOI:
10.2139/ssrn.937357
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发表时间:
2006
期刊:
影响因子:
--
通讯作者:
W. Harrington
中科院分区:
文献类型:
--
作者:
W. Harrington
I review two recent estimates of the costs and, in one case, benefits of federal regulation. The first is found in the Office of Management and Budget’s 2005 report to Congress on the benefits and costs of federal regulations (OMB 2005b). OMB estimates annual benefits in 2004 to be $70 to $277 billion and costs to be $34 to $39 billion, but these estimates omit a great deal; the cost estimate, in particular, is generally acknowledged to be an underestimate. The other estimate, written by Mark Crain (Crain 2005) and sponsored by the Small Business Administration, uses a different approach and generates an estimate of $1 trillion. Crain also finds that the burden on small firms is much greater than the burden on large firms. In the final section of the paper, I also review a recent comparison, presented in the 2005 report to Congress, of ex ante and ex post estimates of the benefits and costs of individual regulations. I find the Crain report to be deeply problematic and the OMB’s ex ante/ex post comparison slightly less so.