ASSESSING THE COSTS AND BENEFITS OF REGULATION - Study for the European Commission, Secretariat General

Type of practice:

Renda, Andrea; Schrefler, Lorna; Luchetta, Giacomo; Zavatta, Roberto (2013) ASSESSING THE COSTS AND BENEFITS OF REGULATION - Study for the European Commission, Secretariat General . Brussels: CEPS

 

This Study on the costs and benefits of regulation was prepared by the Centre
for European Policy Studies and Economisti Associati for the Secretariat
General of the European Commission, and looks specifically at current methods
used to assess the costs and benefits of regulation. The report is expected to
provide an input to the upcoming revision of the IA guidelines of the European
Commission by providing insights on how to strengthen the identification and
quantification of costs and benefits in impact assessment.
The document is structured as follows. Section 1 below provides a taxonomy of
costs and benefits of regulation, based on existing literature and guidance
documents published by governments and institutions in many countries, and
adapting them to the EU context. Section 2 illustrates the most common
methods that are currently used at national level to assess the costs and benefits
of regulation, and provides an evaluation of their strengths and weaknesses, as
well as guidance on when, how, and with what data they can be most usefully
employed in impact assessments. As specified in the terms of references for this Study, given the objective of providing practical input for the revision of the IA
guidelines of the European Commission our analysis focusses on tested
methods that are already being applied by the European Commission
Directorate Generals, Member States (Germany, The Netherlands, the UK) and
non-EU countries (US, Canada, Australia). Section 3 builds on the previous
sections to translate our findings into suggested guidance on when and how to
perform cost-benefit analysis of EU policy proposals. Finally, Section 4
concludes by summarizing the peculiar aspects and limitation associated with
the assessment of costs and benefits at the EU level. A glossary of most
recurrent terms is attached at the end of this report, together with a list of
bibliographic references.

Countries:

Year of IA Practice:

2013