There’s overwhelming evidence that road diets reduce collisions, with some federal studies suggesting an average decline of 19 percent in places like New Brunswick. Of course, these safety upgrades tend to result in slower traffic, a price public officials are often reluctant to pay. So a research group led by Robert Noland of Rutgers set out to weigh the congestion costs against the safety benefits as directly as possible.
Dean Shapiro: Another Blow to Regulatory Benefit-Cost Analysis
By Dean Stuart Shapiro The Trump Administration’s weakening of regulatory benefit-cost analysis vests unequal power in executive review. In late October, the acting administrator of the Office of Information and Regulatory Affairs (OIRA) issued a memo attempting to...