Showing posts with label Ted Gayer. Show all posts
Showing posts with label Ted Gayer. Show all posts

Friday, 20 May 2016

Rational benefit assessment for an irrational world: Toward a behavioral transfer test (W. Kip Viscusi, Ted Gayer, Brookings)

Behavioral economists have identified certain biases in decision making that lead people to make decisions that harm themselves, but there is insufficient guidance for estimating benefits in the presence of such behavioral failures. This gap in principles and standards for benefit-cost analysis has led government agencies at times to adopt arbitrary and excessive benefit valuations

http://www.brookings.edu/research/papers/2016/05/19-rational-benefit-assessment-for-an-irrational-world-gayer

Wednesday, 10 February 2016

How much will climate change rules benefit Americans? (Susan E. Dudley, Art Fraas, Ted Gayer, John Graham, Randall Lutter, Jason F. Shogren, W. Kip Viscusi, Brookings)

When considering domestic action to reduce the impacts of climate change, should U.S. agencies estimate and report the benefits to U.S. citizens or to the world? In a letter to the National Academy of Sciences, we argue they should do both. In the context of international negotiations, such as the recent Paris accord, a global focus is clearly relevant. But, when evaluating regulations that will impose large costs on U.S. citizens, it is incumbent upon the federal government to estimate and report domestic benefits as well.

http://www.brookings.edu/research/opinions/2016/02/09-climate-change-rules-benefit-americans-gayer