This is the old version of the H2O platform and is now read-only. This means you can view content but cannot create content. You can access the new platform at https://opencasebook.org. Thank you.
Cost-benefit analysis is the primary technique used by regulators in the United States and around the world to evaluate and defend the rationality of existing and proposed regulations in fields as diverse as finance, the environment, health care, and transportation. Cost-benefit analysis is sometimes championed as a check on arbitrary regulatory action, but elsewhere derided as a methodology that favors certain special interests.
This year-long seminar will explore the use of cost-benefit analysis in administrative processes in the United States. Students will learn about current and proposed legal requirements for cost-benefit analysis. Students will also have the opportunity to examine the actual methods used to conduct costbenefit analysis as taught in graduate programs for public policy and as used in recent regulatory filings. The purpose of this course is to provide participants a broad conceptual understanding of costbenefit analysis and then to apply that understanding to individual research topics.
The seminar will meet throughout the academic year, with ten 90 minute sessions in the Fall 2017 semester and the balance of meetings in the Spring 2018 semester, mostly after Spring Break. No particular background in law, mathematics, or economics will be presumed by the instructors and students from elsewhere in the University are welcome to participate.EDIT PLAYLIST INFORMATION DELETE PLAYLIST
Edit playlist item notes below to have a mix of public & private notes, or:MAKE ALL NOTES PUBLIC (12/12 playlist item notes are public) MAKE ALL NOTES PRIVATE (0/12 playlist item notes are private)
|0||Show/Hide More||Week 1 - September 7th - Cost Benefit Analysis and the Law|
|1||Show/Hide More||Week 2 — September 14th: Conceptual Foundations of Cost Benefit Analysis|
|3||Show/Hide More||Week 3 — September 21st: Cost-Benefit Analysis in Practice|
|4||Show/Hide More||Week 4 — October 5th: Valuation in Primary and Secondary Markets|
|5||Show/Hide More||Week 5 — October 12th: Discounting|
|6||Show/Hide More||Week 6 — October 19th: Uncertainty|
|7||Show/Hide More||Week 8 — November 9th: Statistical Lives|
|7.4||Show/Hide More||Selected Readings on Behavior Economics in Cost Benefit Analysis|
|7.4.3||Show/Hide More||John Y. Campbell, Restoring Rational Choice: The Challenge of Consumer Financial Regulation, 106 AER Papers & Proceedings 1 (2016)|
|8||Show/Hide More||Week 7 — October 26th: Willingness to Pay and Contingent Valuation|
|8.1||Show/Hide More||Class Nine -- January 16th, 2018: Materials on Regulatory Budgeting Under the Trump Administration (And Team Assignment II)|
The readings for Class Nine will focus on regulatory budgeting, a new concept (at least in the United States) that seeks to import budgeting principles into the area of government regulation. To introduce the subject, the readings begin with a 2014 article from Rosen and Callanan making the basic case for regulatory budgets, as well as an overview of the subject put together by Hill staffers in the summer of 2016. The Trump Administration's approach to the subject is presented in a series of official OMB documents, and summarized in a 2017 article by Andrea Renda (an EU expert) reporting on the Trump Administration's approach and offering some comparative perspectives.
The second team assignment, due by 8:00 pm on Monday, January 15th, is to write a 4-5 page memorandum, addressing the strengths and weaknesses of regulatory budgeting in general and then offering, as best you can, any suggestions as to how the Trump Administration's implementation of the approach might be improved upon.
|9||Show/Hide More||Week 9 -- November 16th : Benefit Analysis in Consumer Protection Regulation|
|10||Show/Hide More||Week 10 — November 30th: Alternative Methods and CBA Critiques|
|11||Show/Hide More||A Brief Bibliography of Recent Legal Scholarship on Cost Benefit Analysis in Financial Regulation|
|11.1||Show/Hide More||A. Early Writings on Financial Cost-Benefit Analysis|
|11.2||Show/Hide More||B. The 2014 Journal of Legal Studies Symposium|
|11.3||Show/Hide More||C. Professor John Coates’s 2015 Yale Law Journal Article and Forum Responses|
|11.4||Show/Hide More||D. The 2015 Law and Contemporary Problems Symposium on The Administrative Law of Financial Regulation|
|11.5||Show/Hide More||E. Other Articles and Working Papers of Interest|
September 06, 2017
Howell E. Jackson
James S. Reid, Jr. Professor of Law
This is the old version of the H2O platform and is now read-only. This means you can view content but cannot create content. If you would like access to the new version of the H2O platform and have not already been contacted by a member of our team, please contact us at firstname.lastname@example.org. Thank you.