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The biology-policy interface: Theories of pathogenesis, benefit valuation and public policy formation

Nemetz, P.N.; Vining, A.R.

Policy Sciences 13(2): 125-138

1981

ISSN/ISBN: 0032-2687
Document Number: 423324
This paper reviews some of the basic concepts of cost and risk-benefit analysis in the context of toxic chemical regulation and discusses several critical complexities inherent in the practical application of this methodology. The broad qualitative use of risk-benefit analysis can be an important aid to the decision-making process. It is concluded, however, that the full-scale incorporation of a rigorous form of risk-benefit analysis into the regulatory process is inappropriate at this time and could have significant and unintended consequences.

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