Many policy and economic analysts are familiar with benefit–cost analysis whether learned through formal courses or on-the-job training. These analyses are routinely developed at the federal level while many more are customized efforts at the federal, state, or local levels or in think tanks and academia. Various government agencies and the Executive Office of the President have taken time from mission-oriented tasks to develop BCA guidelines. Generally implicit in these guideline efforts is the goal of improving the quality of analysis. Within economics, the eminent economist Arnold Harberger called for a professionalization of BCA standards in the 1970s (Harberger, 1971). However, professionalization, as it may involve aspects of licensing, quality signaling, or restricting entry, is not an automatically desirable practice to economists. A large literature exists on the role of professional licensing as a means to capture rents by limiting entry. Equally large is the literature on asymmetric information in which there is a concern that bad quality products will drive good quality ones from the market, for which one recommendation is a certification of quality.