scholarly journals Lost in Translation: The Economic Analysis of Law in the United States and Europe

Author(s):  
Kenneth Glenn Dau-Schmidt ◽  
Carmen L. Brun
Author(s):  
Mariano-Florentino Cuéllar ◽  
Jerry L. Mashaw

The economic analysis of regulation is a broad topic, with implications for environmental protection, communications and technology policy, public health, immigration, national security, and other areas affecting risk and welfare in society. This chapter covers only a portion of the relevant ground, focusing on the following essential topics: First, what do we mean by “economic analysis” and what do we mean by “regulation”? Second, why has this topic become an important one, not only the United States, but in most advanced democracies? Third, why is economic analysis and regulation a contested, even contentious, aspect of modern regulatory activity? Finally, and most important, how is economic analysis structured into regulatory decision-making, and how might existing arrangements evolve over time?


2021 ◽  
Vol 53 (6) ◽  
pp. 53-80
Author(s):  
Jeff Biddle

Statistical inference is the process of drawing conclusions from samples of statistical data about things not fully described or recorded in those samples. During the 1920s, economists in the United States articulated a general approach to statistical inference that downplayed the value of the inferential measures derived from probability theory that later came to be central to the idea of statistical inference in economics. This approach is illustrated by the practices of economists of the Bureau of Economic Analysis of the US Department of Agriculture, who regularly analyzed statistical samples to forecast supplies of various agricultural products. Forecasting represents an interesting case for studying the development of inferential methods, as analysts receive regular feedback on the effectiveness of their inferences when forecasts are compared with actual events.


1954 ◽  
Vol 14 (3) ◽  
pp. 266-270
Author(s):  
W. W. Rostow

R. C. O. Matthews' full-length study of British fluctuations in the 1830's is good history and good economic analysis. There is no equivalent book on a single cyclical passage, not even excepting the great interwar boom and slump in the United States.


2018 ◽  
Vol 94 ◽  
pp. 1057-1066 ◽  
Author(s):  
Eric Tervo ◽  
Kenechi Agbim ◽  
Freddy DeAngelis ◽  
Jeffrey Hernandez ◽  
Hye Kyung Kim ◽  
...  

2015 ◽  
Vol 6 (3) ◽  
pp. 380-381
Author(s):  
James Broughel

In May of 2015, the European Commission released a package outlining the vision for its Better Regulation initiative, a program aimed at improving outcomes of European Union (EU) regulation. The move represents a step forward for regulatory reform in the EU, and signals a potential shift in world leadership roles among countries promoting evidence-based policy. The United States (US), once at the forefront of regulatory science and analysis, may now be lagging behind. If Better Regulation is implemented as its ambitious designers envision, this could signal a new role for the EU in advancing 21st century policymaking.Better Regulation seeks to improve the EU regulatory process in several ways. The initiative allows for more meaningful citizen and stakeholder participation at all stages of the policymaking process; it seeks to institutionalize the use of economic analysis throughout the lifecycle of a policy; and it sets up a process for reviewing the existing stock of regulations to ensure old rules do not become excessively burdensome or obsolete. All this is done in a manner intended to inform legislators as they periodically review funding levels for new and existing programs.


2009 ◽  
Vol 34 (7) ◽  
pp. 21-22
Author(s):  
Takashi Oda ◽  
Melissa J. Shauver ◽  
Kevin C. Chung

1955 ◽  
Vol 37 (1) ◽  
pp. 161
Author(s):  
Charles E. Bishop ◽  
Roger W. Gray ◽  
Vernon L. Sorenson ◽  
Willard W. Cochrane

2011 ◽  
Vol 25 (1) ◽  
pp. 24-35 ◽  
Author(s):  
Michael Milano ◽  
Packianathan Chelladurai

With a view of verifying the optimistic forecasts of the growth of the sport industry, the paper presents an estimate of the size of the sport industry in 2005 and compares it to a 1995 estimate provided by Meek (1997). Following the methodology of Meek and the guidelines put forth by the United States Department of Commerce, Bureau of Economic Analysis (2007), we present three estimates for the size of the Gross Domestic Sport Product (GDSP) of the United States of America in 2005—conservative estimate of $168.469 billion, moderate estimate of $189.338 billion, and the liberal estimate of $207.503 billion. A comparison of the moderate estimate with Meek’s 1995 estimate shows that the size of sport industry, in relative terms, actually declined. The sources of the data, rationale for three different estimates, and the values for the components of the GDSP are described and explained.


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