CHAPTER 9
Improving the CWIS Rule Regulatory Analysis:What Does an Economist Want?
Proponents, opponents, and some who aren't too sure have spilled much ink on the merits of cost–benefit analysis in support of government decisions, including the development of regulations. In this chapter, I present a proponent's view in the specific context of establishing requirements for cooling water intake structures (CWIS) at existing power plants (EPA 2004a). The policy context, regulatory proposal, and environmental and economic evaluation of this regulation are summarized by Harrington in Chapter 8 of this report. Voluminous comments were filed on particular aspects of the estimation procedures, and one more commenter on such details ...
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