Risk-based regulation requires regulators to choose which decision-making principles to apply.
Precise statutory language corresponds to better benefit-cost analysis and more consistent judicial review.
Independent agencies should take steps to conduct more thorough economic analysis when writing regulations.
Policy oscillation creates serious problems that may require government scrutiny.
Scholars and industry representatives highlight takeaways from conference on new regulatory developments.
Agency sees increased effectiveness after incorporating feedback from courts and academics.
Earlier and less burdensome regulatory impact analyses would lead to more transparent, better regulatory decisions.
Combining better analysis with more meaningful participation will improve policy decisions.
A recent OECD Regulatory Policy Outlook sketches the present and future of OECD countries’ regulatory policy practices.