IDEAS home Printed from https://ideas.repec.org/p/umb/econwp/09102.html
   My bibliography  Save this paper

Improving the Regulatory Analysis of the Cooling Water Intake Structure Rule: What Does an Economist Want?

Author

Listed:
  • Scott Farrow

    (UMBC)

Abstract

As part of an edited volume devoted to the usefulness of benefit-cost analysis to inform regulatory review, this chapter presents a case study of the regulation of cooling water intake structures (CWIS) at existing power plants. The chapter first focuses on the consistency of the CWIS benefit-cost analysis with quality criteria to which the agency might have been expected to adhere. Second, criteria and outcomes with respect to decision rules for the selected alternatives are investigated. Finally, the challenge faced by agency analysis is described due to the difficulty in linking ecological and economic impacts. Suggestions for improvement are noted. As of the date of writing, the regulation is under review by the Supreme Court.

Suggested Citation

  • Scott Farrow, 2008. "Improving the Regulatory Analysis of the Cooling Water Intake Structure Rule: What Does an Economist Want?," UMBC Economics Department Working Papers 09-102, UMBC Department of Economics.
    • Handle: RePEc:umb:econwp:09102
    as

    Download full text from publisher

    File URL: http://www.umbc.edu/economics/wpapers/wp_09_102_CWISFarrow.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John A. List & Robert P. Berrens & Alok K. Bohara & Joe Kerkvliet, 2004. "Examining the Role of Social Isolation on Stated Preferences," American Economic Review, American Economic Association, vol. 94(3), pages 741-752, June.
    2. repec:reg:rpubli:98 is not listed on IDEAS
    3. Arrow, Kenneth J. & Cropper, Maureen L. & Eads, George C. & Hahn, Robert W. & Lave, Lester B. & Noll, Roger G. & Portney, Paul R. & Russell, Milson & Schmalensee, Richard & Smith, V. Kerry & Stavins, , 1997. "Is there a role for benefit-cost analysis in environmental, health, and safety regulation?," Environment and Development Economics, Cambridge University Press, vol. 2(2), pages 195-221, May.
    4. Robert W. Hahn & Richard L. Schmalensee & Roger Noll & Robert Stavins & Lester B. Lave & George C. Eads & Milton Russell & V. Kerry Smith & Maureen L. Cropper & Paul R. Portney & Kenneth J. Arrow, 1996. "Benefit-Cost Analysis in Environmental, Health, and Safety Regulation: A Statement of Principles," Books, American Enterprise Institute, number 51790, September.
    5. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.
    6. Robert W. Hahn & Patrick M. Dudley, 2007. "How Well Does the U.S. Government Do Benefit-Cost Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 1(2), pages 192-211, Summer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Scott Farrow, "undated". "Random Error and Simulation Models With an Unobserved Dependent Variable as applied to the Benefits and Costs of the Clean Air Act," UMBC Economics Department Working Papers 09-103, UMBC Department of Economics, revised 26 Jan 2008.
    2. Robert W. Hahn & Paul C. Tetlock, 2008. "Has Economic Analysis Improved Regulatory Decisions?," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 67-84, Winter.
    3. Stavins, Robert & Hahn, Robert & Cavanagh, Sheila, 2001. "National Environmental Policy During the Clinton Years," RFF Working Paper Series dp-01-38, Resources for the Future.
    4. Stavins, Robert, 2004. "Environmental Economics," RFF Working Paper Series dp-04-54, Resources for the Future.
    5. Fullerton, Don & Stavins, Robert N., 1998. "How Do Economists Really Think About the Environment?," Discussion Papers 10910, Resources for the Future.
    6. Stavins, Robert, 2004. "Introduction to the Political Economy of Environmental Regulations," RFF Working Paper Series dp-04-12, Resources for the Future.
    7. Bromley, Daniel W., 2003. "Land-Use Policy as Volitional Pragmatism," Agricultural and Resource Economics Review, Cambridge University Press, vol. 32(1), pages 9-17, April.
    8. Stavins, Robert N., 2003. "Environmental Protection and Economic Well-Being: How Does (and How Should) Government Balance These Two Important Values?," Discussion Papers 10565, Resources for the Future.
    9. Kutschukian, Jean-Marc, 2008. "A Framework For The Economic Evaluation Of Environmental Science," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6026, Australian Agricultural and Resource Economics Society.
    10. Crespi, John M. & Marette, Stephan, 2003. "Some Economic Implications Of Public Labeling," Journal of Food Distribution Research, Food Distribution Research Society, vol. 34(3), pages 1-12, November.
    11. Stavins, Robert, 2000. "Economic Analysis of Global Climate Change Policy: A Primer," Working Paper Series rwp00-003, Harvard University, John F. Kennedy School of Government.
    12. Castle, Emery N., 2003. "Land, Economic Change, and Agricultural Economics," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 32(01), pages 1-15, April.
    13. Runge, C. Ford, 1999. "Beyond The Green Box: A Conceptual Framework For Agricultural Trade And The Environment," Working Papers 14417, University of Minnesota, Center for International Food and Agricultural Policy.
    14. Dyack, Brenda & Greiner, Romy, 2006. "Natural Resource Management and Indigenous Well Being," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139725, Australian Agricultural and Resource Economics Society.
    15. David A. Keiser & Catherine L. Kling & Joseph S. Shapiro, 2019. "The low but uncertain measured benefits of US water quality policy," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 116(12), pages 5262-5269, March.
    16. Aycinena, Diego & Bogliacino, Francesco & Kimbrough, Erik O., 2024. "Measuring norms: Assessing the threat of social desirability bias to the Bicchieri and Xiao elicitation method," Journal of Economic Behavior & Organization, Elsevier, vol. 222(C), pages 225-239.
    17. Lucia Reisch & Clive L Spash & Sabine Bietz, 2008. "Sustainable Consumption and Mass Communication: A German Experiment," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2008-12, CSIRO Sustainable Ecosystems.
    18. Orchard-Webb, Johanne & Kenter, Jasper O. & Bryce, Ros & Church, Andrew, 2016. "Deliberative Democratic Monetary Valuation to implement the Ecosystem Approach," Ecosystem Services, Elsevier, vol. 21(PB), pages 308-318.
    19. Eva Wanek & Sacha Bourgeois-Gironde & Alda Mari, 2024. "Desire, moral evaluation or sense of duty: The modal framing of stated preference elicitation," Environmental Values, , vol. 33(4), pages 434-459, August.
    20. Anya Savikhin & Roman Sheremeta, 2010. "Visibility of Contributions and Cost of Information: An Experiment on Public Goods," Working Papers 10-22, Chapman University, Economic Science Institute.

    More about this item

    Keywords

    Water; regulation; benefit-cost;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:umb:econwp:09102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christelle Viauroux (email available below). General contact details of provider: https://edirc.repec.org/data/edumbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.