Benefit–Cost Analyses for Security Policies
Does Increased Safety Have to Reduce Efficiency?
Edited by Carol Mansfield and V. K. Smith
Chapter 2: The design of benefit–cost architecture for homeland security policy analysis
V. Kerry Smith and Carol Mansfield
Extract
Cass Sunstein (2010), the former Administrator of the US Office of Management and Budget’s (OMB’s) Office of Information and Regulatory Affairs during President Obama’s first term, noted that the evaluation of new regulatory policies was especially important in times of acute economic distress.
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