Distributional weighting and welfare/equity tradeoffs: a new approach

Acland, Daniel; Greenberg, David H.

doi:10.1017/bca.2023.5

Cited by 6 publications

(1 citation statement)

References 41 publications

(68 reference statements)

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“…In addition, the logic of discounting, where a small investment today grows by compound interest to a massive sum in the future, will not be relevant if few people enjoy its benefits (Rose-Ackerman and Perroud, 2014). Therefore, to solve the problem of the discount rate, the cost–benefit method fails to find an adequate trade–off between welfare and equity caused by a given regulation (Acland and Greenberg, 2023).…”

Section: Critical Analysis Of the Methods Used In Regulatory Impact A...mentioning

confidence: 99%

Methods of regulatory impact assessment: critical analysis and alternative method

El Kadiri Boutchich

2023

JFRC

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Purpose This study aims to carry out a critical analysis of the methods used to deal with the regulatory impact assessment while proposing an alternative method to overcome some of the drawbacks of the aforementioned methods. Design/methodology/approach To achieve the objective of this work, the methods currently used in regulatory impact analysis are presented by highlighting their scope and the problems they may pose during their applications. After that, the adjusted variant of radial measure is suggested as an alternative method to the aforementioned methods while showing its relevance with regard to other methods using pertinent criteria. Finally, for concretization, a case study related to the sanctions against Russia after its invasion of Ukraine is presented. Findings The findings show that regulations related to the sanctions against Russia are good enough, with a score of 0.846. However, this score is less good in several countries like Germany (0.671), Italy (0.677) and France (0.745) and in the poorest countries. Originality/value The originality of this work resides in using a novel method in the regulatory impact analysis field, which is adjusted variant of radial measure. This method increases the effectiveness of the regulatory impact assessment.

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Section: Critical Analysis Of the Methods Used In Regulatory Impact A...mentioning

confidence: 99%

Methods of regulatory impact assessment: critical analysis and alternative method

El Kadiri Boutchich

2023

JFRC

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Operationalizing Lasswell’s call for clarification of value goals: an equity-based approach to normative public policy analysis

Linquiti

2024

Policy Sci

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In 1951, Harold Lasswell defined the ability to clarify value goals as integral to a policy analyst’s job. But graduate education in public policy analysis has paid insufficient attention to the skills needed to investigate and clarify value disputes. In turn, practicing policy analysts don’t have ready access to a set of methods for normative analysis that serves Lasswell’s vision of a contextualized, holistic, and interdisciplinary policy science. I start by describing calls for more emphasis on social equity in policy analysis and explore the complementary relationship of empirical, fact-based analysis and normative, value-driven analysis. I then propose seven competencies that policy analysts should be expected to master. They need to understand how normative issues arise in and adjacent to the classical model of policy analysis. They need to master a vocabulary for normative analysis and understand how humans make moral judgments, recognizing the distinction between moral rationalism and moral intuitionism. To engage in moral rationalism, practitioners need to be able to use the tools of analytic political philosophy. When it comes to moral intuitionism, they need to recognize the emotion-driven foundations of moral judgement and personal values. Finally, policy analysts also need to know where to find the values that are relevant to their analysis. Mastery of these competencies will allow analysts to better serve what Laswell describes as the intelligence needs of policymakers.

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Distribution and Disputation: Net Benefits, Equity, and Public Decision-Making

Banzhaf

2023

J. Benefit Cost Anal.

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As its practitioners know well, benefit-cost analysis (BCA) walks a fine line between the positive and normative, between the science of economics and the art of political economy. Missteps threaten to undermine its credibility as a value-free science, while overcaution risks irrelevance to the pressing questions of the day. As BCA adapts to give more weight to distributional concerns, while operating in a more highly charged political environment than ever before, these tensions will only grow. For perspective, I reexamine three prominent episodes in the history of economics where these issues were vigorously debated: (i) The founding of the NBER by Wesley Clair Mitchell, who insisted that the organization eschew all policy recommendations; (ii) the introduction of the modern definition of economics as the study of tradeoffs by Lionel Robbins, who insisted welfare effects could never be aggregated; and (iii) the origins of BCA as a measure of income, which to first-generation practitioners seemed to foreclose the possibility of measuring “intangible” benefits like recreation opportunities, mortality risks, and equity. These episodes, together with critiques of economics from philosophers of science, suggest we are best served by being as transparent as possible about the ways values influence BCA reasoning, without arrogating political decisions into it.

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Distributional weighting and welfare/equity tradeoffs: a new approach

Cited by 6 publications

References 41 publications

Methods of regulatory impact assessment: critical analysis and alternative method

Methods of regulatory impact assessment: critical analysis and alternative method

Operationalizing Lasswell’s call for clarification of value goals: an equity-based approach to normative public policy analysis

Distribution and Disputation: Net Benefits, Equity, and Public Decision-Making

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