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Like many approaches to prediction, however, the record of cost-benefit analysis is far from stellar.
See Michael Livermore, Cost-Benefit Analysis and Agency Independence, 81 U.
Cost-benefit analysis made its appearance in the administrative state as a deregulatory tool favored by the political coalition that brought Ronald Reagan to the presidency in 1981.
Not every state, however, has the resources to create an institute such as Washington's or conduct the same thorough cost-benefit analysis of its programs.
Adler and Posner also argue that traditional cost-benefit analysis is most likely to diverge from their weak welfarism approach when those who benefit from a project or regulation are much poorer or richer than those who lose.
First, it provides a good example of how discounting can skew cost-benefit analysis against regulation, particularly when the regulation is aimed at a substantial problem where benefits may not be realized until many years into the future.
The cost-benefit analysis says benefits from mandatory COOL are hard to quantify, largely because there is little evidence to support actual benefits, according to a government contact who has seen the report.
Holt and Donald Elliott provide a cost-benefit analysis framework for public libraries.
The British Olympic Association (BOA) have been buoyed by a cost-benefit analysis prepared by consultants, and by the success of the Commonwealth Games in Manchester.
Cost-benefit analysis differs, however, from other analytical approaches in the following respect: it demands that the advantages and disadvantages of a regulatory policy be reduced, as far as possible, to numbers, and then further reduced to dollars and cents.
The book is not so much a primer on cost-benefit analysis as a manifesto, concluding without apology that cost-benefit analysis "is for everyone" (pp.

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