Abstract

The public often looks at competitiveness to draw general conclusions about regulation. But costs and benefits are specific to each regulation, and regulations must be analyzed on a case-by-case basis, not as a generic group, to determine how they affect the economy. The Schmitz-Boggess-Tefertiller (SBT) paper is an example of this micro approach. It shows also that the debate is not just about federal regulations. State and local regulations such as Florida's Local Government Comprehensive Planning and Development Act can be the most costly to farmers. SBT do not say, however, whether federal regulations required the state and local governments' actions. The task for economists is to measure these

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