Cost-Benefit Analysis: Regulatory Reform or Favoring the Regulated?
By Thomas A. Hemphill
Thomas A. Hemphill is an assistant professor in the School of Management, University of Michigan- Flint.
In its 2005 Report to Congress on the Costs and Benefits of Federal Regulations (implementing the Regulatory Right-to-Know Act), which provides a statement of costs and benefits of federal regulations and recommendations for regulatory reform, the Office of Management and Budget, Office of Information and Regulatory Affairs (OMB-OIRA) released some encouraging estimates of the economic impact of regulation on the U.S. economy.
