Found 2 article(s) for author 'James Hammitt'

Attention to Distribution in U.S. Regulatory Analyses

Attention to Distribution in U.S. Regulatory Analyses. Lisa Robinson, James Hammitt, Richard Zeckhauser, Summer 2016, Paper, “Scholars, decision makers, interest groups, and other concerned citizens are often interested in the distribution of regulatory impacts. To what extent does a regulation benefit or harm those who have high or low incomes, are in good or poor health, are more or less vulnerable to disease, or are very young or very old? Does the regulation disproportionately affect members of minority or other disadvantaged groups? Determining whether and how to address these questions raises thorny normative issues about how to weigh the impacts on different groups as well as the choice of policy instruments. Yet to address these normative concerns, we first need data on impacts—data that are rarely readily available.Link

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Positive and Normative Justifications for BCA: Implications for Conduct & Interpretation

Positive and Normative Justifications for BCA: Implications for Conduct & Interpretation. James Hammitt, 2012, Paper. “What is the rationale for benefit-cost analysis (BCA)? The answer is critical for determining how BCA results should be interpreted, their implications for policy, and how BCA should be conducted. There are at least two possible bases for justifying BCA, positive and normative. The positive basis is that BCA identifies policy changes that satisfy the Kaldor-Hicks compensation test, so that those who benefit could hypothetically compensate those who are harmed…” Link Verified October 12, 2014

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