The Costs and Benefits of Environmental Regulation
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The Costs and Benefits of Environmental Regulation

Imad A. Moosa and Vikash Ramiah

The Costs and Benefits of Environmental Regulation presents a thorough investigation into environmental regulation, its economic and financial effects and the associated costs and benefits. A variety of issues, pertaining to regulation in general and environmental regulation in particular, are examined. These issues include the theories of regulation and how it is viewed in terms of the free market doctrine, forms of regulation, command-and-control regulation as opposed to market-based regulation and the cost–benefit analysis of environmental regulation.
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Chapter 6: The cost–benefit analysis debate

Imad A. Moosa and Vikash Ramiah

Extract

Before going through the arguments for and against cost–benefit analysis, it may be relevant and worthwhile to examine the historical development of the technique. Cost–benefit analysis has a long history going back to the nineteenth and even the eighteenth century. In this section we consider the origins of the technique first; then we discuss how it developed in the US, Australia and the UK.

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