Search
Now showing items 1-2 of 2
Rational Discounting for Regulatory Analysis
(University of Chicago Law Review, 2007)
This Article examines the economic basis for what is termed "rational discounting,"
which entails full recognition of policy effects over time and exponential discounting
at a riskless rate of return. Policies often cannot ...
Are Risk Regulators Rational? Evidence from Hazardous Waste Cleanup Decisions
(The American Economic Review, 1999)
Using original data on the cleanup of 130 hazardous waste sites, we examine the degree Superfund decisions are driven by efficiency concerns, biases in risk perceptions, and political factors. Target risk levels chosen by ...