The law and economics of permitting

 [[{“value”:”Here is an important new paper by Zachary D. Liscow: Given the benefits to economic growth and the need to transition to green energy, getting infrastructure built is an urgent issue. I describe what to consider in designing a system of permitting infrastructure. I then review the evidence: in the US, permitting is slow, infrastructure
The post The law and economics of permitting appeared first on Marginal REVOLUTION.”}]] 

Here is an important new paper by Zachary D. Liscow:

Given the benefits to economic growth and the need to transition to green energy, getting infrastructure built is an urgent issue. I describe what to consider in designing a system of permitting infrastructure. I then review the evidence: in the US, permitting is slow, infrastructure is expensive, and environmental outcomes are not particularly good. I propose a framework for reform with two dimensions: the power of the executive branch to decide and its capacity to plan. After considering reform possibilities, I propose that reforming both dimensions could lead to a possible “green bargain” that benefits efficiency, the environment, and democracy.

Via Heidi Williams.

The post The law and economics of permitting appeared first on Marginal REVOLUTION.

 Economics, Law