Regulatory impact assessments are crucial for evidencebased decision-making from "summary" of The Economics of Regulation: Principles and Institutions: Economic principles by Alfred Edward Kahn
Regulatory impact assessments play a vital role in the process of making evidence-based decisions regarding regulations. These assessments provide a systematic evaluation of the potential effects of proposed regulations before they are implemented. By conducting a thorough analysis of the costs and benefits associated with a regulation, policymakers can make informed decisions that are based on objective evidence rather than conjecture or political expediency. Furthermore, regulatory impact assessments help to ensure that regulations achieve their intended objectives without imposing unnecessary burdens on b...
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