Cass R. Sunstein. Empirically Informed Regulation

Cass R. Sunstein. Empirically Informed Regulation

A general lesson is that small, inexpensive policy initiatives can
have large and highly beneficial effects.3
The purpose of this Essay is to explore relevant evidence, to catalogue recent practices and reforms, and to discuss some implications for regulatory policy. And while the primary focus is on small, inexpensive regulatory initiatives, there is a still more general theme, which involves the importance of ensuring that regulations have strong empirical foundations, both through careful analysis in advance and through retrospective review of what works and what does not.

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Keywords: Applied Economics

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