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J O I N T C E N T E R AEI-BROOKINGS JOINT CENTER FOR REGULATORY STUDIES Has Economic Analysis Improved Regulatory Decisions? Robert W. Hahn and Paul C. Tetlock1 Working Paper 07-08 April 2007 This
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Economic analysis aims to improve decision making by assessing the potential benefits, costs, and risks associated with a particular action or policy.
Various stakeholders including government agencies, businesses, and organizations may be required to conduct and file economic analysis depending on the jurisdiction and the specific context.
Filling out an economic analysis typically involves gathering relevant data, identifying the goals and alternatives, estimating costs and benefits, and assessing the potential impacts. It may require expertise in economics, statistics, and other related fields.
The purpose of economic analysis is to provide decision makers with valuable information to help them make informed choices, evaluate trade-offs, and optimize resource allocation based on the expected economic outcomes.
The specific information reported on an economic analysis may vary depending on the context, but commonly includes costs, benefits, risks, assumptions, methodologies, and any relevant economic indicators or factors.
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