Vanderbilt Law School Panel: Cost-Benefit Analysis as a Commitment Device
442 views · Published 17 May 2016 · 48:47 · Indexed 29 October 2026
Channel: Vanderbilt University · 2016 · Education
"Cost-Benefit Analysis as a Commitment Device" The Vanderbilt Law School Environmental Law and Policy Annual Review, Vanderbilt\'s Energy, Environment and Land Use Program, Vanderbilt\'s Law and Economics Program, and Vanderbilt\'s Environmental Law Society hosted a panel discussion of Climenko Fellow Matthew Wansley\'s article "Cost-Benefit Analysis as a Commitment Device." Just as the expected costs and benefits of a rule determine its initial level of stringency, the observed costs and benefits of a rule should determine when and how it is updated. When an agency analyzes a proposed rule, it should explicitly anticipate adoption of a more stringent rule than the one it promulgates, then precommit to adopting the more stringent rule if a credible determination has been made that it has become cost-benefit justified. The commitment device would push the administrative state past retrospective analysis and directly addresses problems of rulemaking ossification and agency inaction. Follow Vanderbilt Law on Twitter: https://twitter.com/vanderbiltlaw, on Instagram: https://www.instagram.com/vandylawlife/ and on Facebook: https://www.facebook.com/vanderbiltlaw. See all Vanderbilt social media at http://social.vanderbilt.edu. Follow Vanderbilt on Twitter: https://twitter.com/vanderbiltu, on Instagram: http://instagram.com/vanderbiltu and on Facebook: https://www.facebook.com/vanderbilt. See all Vanderbilt social media at http://social.vanderbilt.edu.
