international coooperation
Whose Benefits Count?
EPA is right to include climate impacts on foreign countries in its cost-benefit analysis of regulations.
When a regulation benefits people outside the U.S., should those benefits be counted? Or should a cost-benefit analysis include only positive and negative domestic impacts? As a recent paper by Ted Gayer and Kip Viscusi highlights, EPA has been counting the benefits of restricting carbon emissions for the entire world, not just the U.S. …
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