{"id":236,"date":"2011-08-01T00:09:56","date_gmt":"2011-08-01T04:09:56","guid":{"rendered":"http:\/\/harvardelr.org\/?p=236"},"modified":"2023-07-25T16:00:32","modified_gmt":"2023-07-25T20:00:32","slug":"two-cheers-for-feasible-regulation-a-modest-response-to-masur-and-posner","status":"publish","type":"post","link":"https:\/\/journals.law.harvard.edu\/elr\/2011\/08\/01\/two-cheers-for-feasible-regulation-a-modest-response-to-masur-and-posner\/","title":{"rendered":"Two Cheers for Feasible Regulation: A Modest Response to Masur and Posner"},"content":{"rendered":"<p><em>By David M. Driesen<\/em><\/p>\n<p>This Article compares the relative merits of feasibility and cost-benefit based regulation, responding to a recent article by Jonathan Masur and Eric Posner on this topic. Normatively, it shows that the lack of correlation between non-subsistence consumption and welfare supports the argument that regulation should be strict, unless widespread plant shutdowns, which would seriously impact well-being, are involved. It demonstrates that a host of practical defects Masur and Posner find in feasibility analysis would infect cost-benefit analysis as well in light of the importance of cost\u2019s distribution, the feasibility principle respresents a reasonable effort to politically resolve difficult normative issues.<\/p>\n<p><strong>Cite as: <\/strong>David M. Driesen,<em> Two Cheers for Feasible Regulation: A Modest Response to Masur and Posner<\/em>, 35 <span style=\"font-variant: small-caps\">Harv. Envtl. L. Rev.<\/span> 313 (2011).<\/p>\n<p>[btn link=&#8221;http:\/\/www.law.harvard.edu\/students\/orgs\/elr\/vol35_2\/Driesen.pdf&#8221; color=&#8221;forestGreen&#8221; size=&#8221;size-l&#8221;]View Full Article (PDF)[\/btn]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By David M. Driesen This Article compares the relative merits of feasibility and cost-benefit based regulation, responding to a recent 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