News

The ongoing controversy over the travel ban

Assignment

Some short readings on Cost Benefit Analysis

2016 Draft Report to Congress on the Benefits and Costs of Federal Regulations and Agency Compliance with the Unfunded Mandates Reform Act

This is probably the most controversial document in the regulatory world. Just look at the tables in chapter 1.

Saving Lives: A Review of the Record

This is a great article on problems with CBA. Read 13-18  and look hard at tables 1-3 at the end. (AED – automatic external defibrillator)

Cost benefit of armed guards in schools

Example of a proposed high cost response to an emotional risk.

2016 dog bite fatalities

For comparison, at least 3 times as many children are killed on average each by dog bites, yet it is nearly impossible to get many communities to pass regulations to address the risk.

Chapter 4 – Due Process

Chapter 4 to to: 1. Modern Concept of ‘‘Property’’

Read paragraphs 11-30 in Goldberg v. Kelly

Resources

Slides: Executive Review of Rulemaking

 Slides: Theories of Regulation and Critiques of Regulatory Policy

Study Guide: Introduction to Due Process

Optional reading

Hahn, Robert W., and Paul C. Tetlock. “Has economic analysis improved regulatory decisions?.” The Journal of Economic Perspectives 22, no. 1 (2008): 67-84.