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Rational Discounting for Regulatory Analysis
(University of Chicago Law Review, 2007)
This Article examines the economic basis for what is termed "rational discounting,"
which entails full recognition of policy effects over time and exponential discounting
at a riskless rate of return. Policies often cannot ...
Monetizing the Benefits of Risk and Environmental Regulation
(Fordham Urban Law Journal, 2006)
Should the benefits of risk and environmental regulations be monetized? For economists, this question is not controversial. Benefits of government policies have a value given by society's willingness to pay for these ...