The Globalization of Cost-Benefit Analysis in Environmental Policy

Hardcover | February 13, 2013

EditorMichael A. Livermore, Richard L. Revesz

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Cost-benefit analysis - the formal estimating and weighing of the costs and benefits of policy alternatives - is a standard tool for governments in advanced economies. Through decades of research and innovation, institutions have developed in the United States, European Union, and otherdeveloped countries that examine and weigh policy alternatives as an aid to governmental decisionmaking. Lawmakers in the advanced economies have used cost-benefit analysis to evaluate core environmental and public health questions, such as urban air pollution control, water quality, andoccupational safety. Yet despite its broad adoption in the industrialized world, most developing and emerging countries have not yet incorporated cost-benefit analysis into their policymaking process. Because these countries face significant limitations on financial resources and have less abilityto shoulder inefficient rules, it is extremely important for their officials to determine which policies maximize net benefits for their societies. The Globalization of Cost-Benefit Analysis in Environmental Policy examines how cost-benefit analysis can help developing and emerging countries confront the next generation of environmental and public-health challenges. Analysis in the book examines the growing reach of cost-benefit analysis;presents relevant case studies where cost-benefit analysis has been incorporated in the Americas, Africa, Middle East, and Asia; and includes a discussion on the conceptual and institutional issues that must be addressed when adopting cost-benefit analysis in developing and emerging countries. Inpart because governments in developing and emerging countries have not extensively used cost-benefit analysis, there has been only limited research and discussion of the practice and its potential. Most work that has been done is on the domestic or regional level, and has not been widely shared ordistributed within the international academic or policy community. By providing both theoretical and practical discussion of this important new tool, this book makes a valuable contribution to the fields of environmental policy, development studies, and environmental law.

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Cost-benefit analysis - the formal estimating and weighing of the costs and benefits of policy alternatives - is a standard tool for governments in advanced economies. Through decades of research and innovation, institutions have developed in the United States, European Union, and otherdeveloped countries that examine and weigh policy ...

Michael Livermore is Executive Director of the Institute for Policy Integrity, and an Adjunct Professor at NYU School of Law. Richard Revesz is Dean and Lawrence King Professor of Law at NYU School of Law. He is the author or co-author numerous books, including Environmental Law, the Economy and Sustainable Development, Environmental L...

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Format:HardcoverDimensions:352 pages, 9.25 × 6.12 × 0.98 inPublished:February 13, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:019993438X

ISBN - 13:9780199934386

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Table of Contents

Part I: IntroductionForeword1. Michael A. Livermore, A.J. Glusman, and Gonzalo Moyano: Cost-Benefit Analysis Goes GlobalPart II: Valuation Issues2. Euston Quah: Cost-Benefit Analysis in Developing Countries: What's Different3. Lisa A. Robinson, and James K. Hammitt: The Benefit-Transfer Approach4. Maria Damon, Kristina Mohlin, and Thomas Sterner: Putting a Price on the Future of Our Children and Grandchildren5. The Shape of Distributional AnalysisPart III: Institutional Matters6. Jiunn-rong Yeh: Changing Faces of Cost-Benefit Analysis: Alternative Institutional Settings and Varied Social and Political Contexts7. Lessons from International Regulatory Cooperation: Is There a Role for Cost-Benefit Analysis Beyond the Nation-State?8. Jonathan B. Wiener: The Diffusion of Regulatory Oversight9. Miriam Allam: The Role of the OECD in Capacity Building for Public Governance: Insights from the MENA-OECD Working Group on Regulatory ReformPart IV: Case Studies in Pollution Control10. Leonora Rojas-Bracho, Vercnica Garibay-Bravo, Gretchen A. Stevens, and Georgina Ech niz-Pellicer: Environmental Fuel Quality Improvements in Mexico: A Case Study of the Role of Cost-Benefit Analysis in the Decisionmaking Process11. Anthony Leiman: Healthcare Costs of Urban Air Pollutions in South Africa12. Euston Quah, and Wai-Mun Chia: Economic Costs of Air Pollution in Singapore13. Emilio Lebre La Rovere, Martha Macedo de Lima Barata, and Amaro Olimpio Pereira Jr: The Challenges of Estimating Compliance Costs in Developing Countries: Experiences from BrazilPart V: Case Studies in Protection of Natural Resource14. Marcos Amend, Leonardo Fleck, and John Reid: Improving Cost-Benefit Analysis in the Assessment of Infrastructure Projects in the Brazilian Amazon15. Orapan Nabangchang: A Cost-Benefit Analysis of Resettlement Policy in Southeast Asia16. Shahbaz Mushtaq: Cost-Beneft Analysis of Water Management Initiatives in China: A Case of Small, Multi-Purpose Reservoirs17. Pawan Labhasetwar: Cost-Benefit Analysis of Water Projects in India18. Sarah Cordero: The Role of Distributional Analysis in Cost-Benefit Analysis: A Case Study of Hydroelectric Projects in Panama19. Jessica Donovan, Keith Lawrence, Christopher Neyor, Eduard Niesten, and Eric Werker: Assessing Potential Carbon Revenues from Reduced Forest Cover Loss in LiberiaPart VI: Paths Forward20. Michael A. Livermore: Challenges and Opportunities