Tagged: cost-benefit analysis

Cost-benefit analysis and impartial umpires - The Dismal Science

Eric Crampton Dec 23, 2014

James Zuccollo writes on the UK's Office for Budget Responsibility:In contrast to his fiscal rules, Osborne has had enormous success with his greatest fiscal innovation: the Office for Budget Responsibility (OBR). It was created in 2010 and has been successful in curbing the problems of over-optimistic forecasts that plagued the Treasury through the 2000s. Its ruthless transparency has lent … Read More

Landslide costs - The Dismal Science

Eric Crampton Aug 29, 2014

Christchurch Council and the government will buy out some Christchurch properties at high risk of landslide. Here's Chris Hutching at NBR:The government and Christchurch City Council will buy 16 Port Hills properties."The latest council-commissioned GNS Science reports show 37 green-zoned homes are in areas where the risk to life from mass movement (sometimes called landslide) is considered intolerable,” according to … Read More

Costs and Benefits - The Dismal Science

Eric Crampton Jun 07, 2014

The Ministry of Justice report on minimum pricing and excise got one big important thing right: it counted as a cost that consumers would lose consumer surplus. It balanced that against potential health savings for some and potential reductions in alcohol-related crime. While I disagreed with their underlying elasticity estimates, which led them to understate consumption losses relative to … Read More

Public Health and the Regulatory State - The Dismal Science

Eric Crampton Jun 03, 2014

Pierre Lemieux points to the growing health regulatory state. The abstract:Public health has moved from the public good component of health to everything related to health and, then, to everything related to society. If we take public health in its wide, total, social sense, it presumably explains or justifies much of the regulatory state. Virtually all state activities contribute … Read More