《THE STRATEGY OF SOCIAL REGULATION: DECISION FRAMEWORKS FOR POLICY》

1. Social Regulation: Cure or Problem?1

The Problem1

The Solution2

Regulatory Reform3

2. Eight Frameworks for Regulation8

Decision Frameworks9

A Comparison of Frameworks25

3. Problems in Estimating the Consequences of Regulation29

Enumerating and Quantifying the Effects31

Proving Causation34

Conservative versus Most Probable Estimates35

Aggregating Effects36

Consumer Information and Decisionmaking38

Valuing Nontraded Goods: The Value of Life39

The Social Rate of Discount41

Conclusion45

4. Food Additives46

Sodium Nitrite48

Diethylstillbestrol as a Cattle Growth Stimulant57

Aflatoxin68

Saccharin71

A Summary of Present Regulation73

Applications of the Eight Frameworks74

Conclusion84

5. Health, Safety, and Environmental Regulations89

Occupational Health and Safety90

Environment103

Health114

Transport Safety118

Consumer Products125

Conclusion127

6. The Benefits and Costs of Benefit-Cost Analysis129

Technical-Economic Approaches130

Data Collection and Analysis132

Case Studies133

Making Social Regulation Work134

Appendix: Implementing the Indirect Risk-Risk Framework136

Selected Bibliography139

Index162