Abstract

Abstract Is there a case for using assessments of costs and benefits to appraise not the drafting of a rule but the broad justification for introducing a rule? Is there, moreover, a governmental role for such assessments in spite of arguments for satisfying values other than efficiency? This chapter considers developments in the cost-benefit and compliance-cost testing of rules in the USA and in Britain. It reviews the theoretical and practical issues raised and assesses the possible contribution of economic appraisals to questions of rule choice.

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