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Institutionalization of cost-benefit analysis as a co-management tool: the activity of the Committee for Socio-economic Analysis

In: Economics and Power in EU Chemicals Policy and Regulation

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Abstract

Chapter 6 describes how this institutionalization process continued during the work of the ECHA’s Socio-economic Analysis Committee (SEAC). Under the close control of ECHA, by focusing the calculation on the cost declared by the applicants for authorization and by prioritizing the CBA, the SEAC has defined calculation procedures that are favorable to the regulated and unfavorable to the producers of alternatives. In general, the SEAC has played a role of legitimizing political relations between ECHA, the Commission and their industrial partners. The co-management of risks has been gradually being established in the name of economic science, which protects the privileged relationship of the duo authorities - industry of untimely interventions of other stakeholders. The CBA, by its goal of total quantification, perfectly serves the display of scientificity, the numbers being supposed to be the ultimate proof of objectivity and neutrality.

Suggested Citation

  • ., 2023. "Institutionalization of cost-benefit analysis as a co-management tool: the activity of the Committee for Socio-economic Analysis," Chapters, in: Economics and Power in EU Chemicals Policy and Regulation, chapter 6, pages 145-164, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21798_6
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