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University of Michigan Law School

Decision making

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Seeking Truth For Power: Informational Strategy And Regulatory Policymaking, Edward A. Parson, Cary Coglianese, Richard Zeckhauser Jan 2004

Seeking Truth For Power: Informational Strategy And Regulatory Policymaking, Edward A. Parson, Cary Coglianese, Richard Zeckhauser

Articles

Information is the lifeblood of regulatory policy. The effective use of governmental power depends on information about conditions in the world, strategies for improving those conditions, and the consequences associated with deploying different strategies. Indeed, this need for information has led legislatures to create specialized committee structures, delegate policy authority to expert agencies, and develop administrative procedures that encourage analysis. Although legal scholars have extensively debated procedures and reforms designed to improve the analytic and scientific basis of regulatory policymaking, they have paid relatively little attention to how regulators gain the information they need for making and implementing regulatory policy ...