Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance

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Has Economic Analysis Improved Regulatory Decisions (2008, background): “Figure 1 plots data on the cost per statistical life saved—a measure of how effective a regulation is at extending the life-span of the affected population (Morrall, 2003). For regulations aimed primarily at extending life, this measure closely tracks conventional economic efficiency measures. The o”
Golden Rule of Forecasting: Be conservative (2015, unknown): “In that case, one would expect the iron law of regulation to prevail (Armstrong and Green, 2013) with consequent losses of consumer welfare as Winston (2006) finds.”