Preparing Economic Analyses of Regulations and Policy Initiatives
We have extensive academic and practical experience constructing economic analyses. Our team has extensive academic training in the specialized public welfare branch of economics that lies behind the major Executive orders of regulatory review and policy analysis. We infuse this theoretical knowledge with concrete experience in industry and in engineering so that our analyses reflect real world conditions.
PNG team members reviewed hundreds of economic analyses and thousands of information collection requests as part of our OMB experience. We have prepared and reviewed economic analyses for many of the major environmental issues of our time – the particulate matter ambient air standards, vehicle fuel efficiency standards, acid rain cap and trade program, and other multi-billion dollar rulemakings. Our analyzes have evaluated alternatives to risk assessment assumptions, incorporated indirect and direct compliance costs, and fashioned more accurate measures of economic impact in regulatory flexibility analyses.
For the US Centers for Disease Control and Prevention, (“CDC”), Division of Global Migration and Quarantine, PNG provided the regulatory analyses for the two important rulemakings for the Federal government’s efforts to prepare for a pandemic. The analysis evaluated the benefits and costs of programs aimed at preventing the importation of communicable disease. We also assisted CDC staff in developing regulatory alternatives that are more cost-effective and impose fewer burdens.
We are pleased that, based on our work, CDC expanded our relationship to include virtually all administrative requirements for these rulemakings. Specifically, PNG performed the following:
- Regulatory impact analyses for two economically significant rules;
- Draft preamble language for two rules;
- Final information collection request for a major new rule; and,
- Economic impact analysis under the Regulatory Flexibility Act for its major rule.
In addition, our experience includes a series of analyses PNG project team members performed for the US Access Board, the independent agency that sets architecture guidelines to ensure people with disabilities have equitable access in the workplace and public facilities. PNG management and associates participated in three separate regulatory impact analyses for Access Board, ranging from electronic accessibility of computer equipment to the design for play areas.