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Valuing Health Risks, Costs, and Benefits for Environmental Decision Making Report of a Conference (1990) / Chapter Skim
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Executive Summary
Pages 1-2

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From page 1...
... With support from the Environmental Protection Agency, a steering committee of the National Research Council planned and conducted a conference addressing these issues. On the basis of its conference discussions and papers, the steering committee identified the challenge facing health and safety regulators in improving the application of benefit-cost analysis to regulation: it is to design practical procedures and techniques that accommodate (1)
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From page 2...
... 3. Regulatory agencies should consider expanding the use of formal peer review mechanisms in the area of benefit-cost analysis for health and safety decisions.
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Key Terms

  • regulatory decisions
  • regulatory process
  • challenge facing
  • underlying evaluation
  • committee identified

  • potential threats
  • situational variation
  • conference addressing
  • valuing environmental
  • benefitcost analysts

  • fairly limited
  • genuine moral
  • require explicit
  • council planned
  • administrative context

  • analysts responsible
  • enforcing solutions
  • facing health
  • role played
  • design practical

  • attach values
  • implicit allocations
  • regulate health
  • dilemmas underlying
  • safety regulators

  • scarce resources
  • conference discussions
  • practical procedures
  • recognize genuine
  • limited role


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