Society for Benefit-Cost Analysis - Event Information

Event Name:Benefit Cost Analysis: Advancing Analysis Workshop
Description:The USDA Office of Risk Assessment and Cost Benefit Analysis (ORACBA) will host “Benefit Cost Analysis: Advancing Analysis Workshop”, co-sponsored by the Society for Benefit Cost Analysis (SBCA) on September 7th, 2017 from 9 am to 3:00 pm, at the USDA Whitten Building, Room 108A, 12th St. and Jefferson Dr., SW, Washington, D.C. 20024

You may attend in person or via webinar. Please register for the webinar at https://attendee.gotowebinar.com/register/8616878509137268481; Webinar ID: 293-268-179. 

Space is limited for in-person attendance and an advance reservation is required. Please contact Eliza Mojduszka at (202) 690-5415 or emojduszka@oce.usda.gov to RSVP to attend in-person and for more information.

The Workshop consists of four sessions of papers from the two most recent (2017 and 2016) SBCA conferences that are especially relevant to the economists who develop regulatory impact analyses in support of rulemaking. The topics of the sessions range from specific analyses to support regulations (e.g., behavioral responses to health information and warnings), through valuation methods for informed decision making (e.g., applying VSL when persons choose risk or care about risks to others), and finally through retrospective benefit cost analyses of rules (e.g., retrospective review of DOE’s energy efficiency standards). The issues discussed are especially timely considering the new requirements of the Executive Order 13771. The workshop also serves to introduce regulatory economists to the SBCA and its vast resources.

Directions to the USDA Whitten Building: The Whitten Building is located directly across from the USDA South Building between 12th and 14th Streets and Independence Avenue and Jefferson Drive. All attendees should use the Jefferson Drive entrance to the building. You will need to bring a valid, government-issued picture ID and be escorted to Room 108A. Room 108A is located on the first floor of the Whitten Building, directly adjacent to the large patio in the center of the building.

Directions via Metro: The nearest Metro Station is “Smithsonian” on the blue, orange and silver line. 
Event Date:09-07-17
Event Time:9:00 a.m. - 3:00 p.m.
Location:USDA Whitten Building
Room 108A
12th St. and Jefferson Dr., SW
Washington, DC 20024

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Contact Person:Eliza Mojduszka
(phone: (202) 690-5415)
Benefit Cost Analysis: Advancing Analysis Workshop
Co-Sponsored by the USDA Office of Risk Assessment and Cost-Benefit Analysis, the USDA Economic Research Service, and the Society for Benefit Cost Analysis
9:00 – 9:10 Welcome
  • Linda Abbott, Director, Office of Risk Analysis and Cost-Benefit Analysis, OCE, USDA
9:10 – 9:45 Introductory Remarks and Presentation: A Consumer’s Guide to Regulatory Impact Analysis
  • Susan Dudley, Past President, Society for Benefit Cost Analysis
9:45 Analysis to Support Regulations
9:45 Behavioral Responses to Health Information and Warnings
  • Rosemarie Lavaty and Carolyn Wolff, Economics Team, U.S. Food and Drug Administration
10:15 Fukushima: U.S. Response and the Short-Term Impact on U.S.-Japan Trade in Seafood 
  • Aliya Sassi and Peter Vardon, Economics Team, Office of Planning, U.S. Food and Drug Administration
10:45 Hurdle Rates, Declining Discount Rates, and Uncertain Opportunity Costs 
  • Daniel Wilmoth, U.S. Small Business Administration
11:15 – 11:25 NETWORKING BREAK

11:25 Valuation Methods for Informed Decision Making: Applying VSL When Persons Choose Risk or Care about Risks to Others: The Case of Commercial Space Exploration 
  • Timothy Brennan, Resources for the Future
11:55 Willingness to Pay for Mortality Risk Reduction in Chinese Cities
  • Sandra Hoffmann and Alan Krupnick, USDA Economic Research Service and Resources for the Future (respectively)
12:25 – 1:15 LUNCH
1:15 – Revising Analysis and Methods in Response to New Data or Information (Retrospective BCA of Federal Rules) 
1:15 Retrospective Assessment of Federal Efforts to Reduce Foodborne Illness: Shell Eggs and Salmonella Enteritidis
  • Randall Lutter, University of Virginia and Resources for the Future
1:45 Retrospective Benefit Cost Analysis of the Cooperative Interstate Shipment Program
  • Flora Tsui, USDA Food Safety and Inspection Service
2:15 Retrospective Review of DOE's Energy Efficiency Standards
  • Arthur Fraas and Sofie Miller, Resources for the Future and the George Washington University (respectively)
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