Economic, Regulatory, and Policy Analysis
“What are the options?” “How do we evaluate them?” “Who is affected?” We help decision-makers answer these questions, define regulatory and policy options, and build models to evaluate the impacts on industries, economies, and communities. Our analyses range from micro- (e.g., a particular facility) to macro- (e.g., industrywide) economics. We support the regulatory process from proposal to final rulemaking, including analyzing public comments, developing implementation plans, and preparing outreach and training programs. ERG's staff includes PhD-level economists/econometricians, financial analysts, and industry experts.
Regulatory Baselines
- Regulatory scope
- Industry profiles
- Current regulatory requirements
- Current industry practices
- Small business identification
Cost Analysis
- Marginal cost analysis
- Distributional cost analysis
- Life-cycle costing
- Industry-specific tax considerations
Cost–Benefit Analysis
- Benefit identification and quantification
- Benefit monetization
- Present value analysis of benefits stream
Financial Analysis
- Discounted earnings before interest and taxes and cash flow analysis
- Present value analysis
- Affordability analysis
- Corporate financial health
Economic and Econometric Modeling
- Industry-specific market and multi-market models
- Statistical modeling of facility income characteristics
- Linear and non-linear regression modeling
- Econometric sample selection modeling
- Factor, principal component, and cluster analysis
- Probability modeling
Input/Output Analysis
- Direct effect inputs
- Regional input-output modeling system
- Community, regional, and national impacts
Cost-Effectiveness Analysis
- Inefficient options
- Marginal cost and effects
- Cost and health impacts modeling
Rulemaking Support
- Government Performance and Results Act (GPRA)
- Paperwork Reduction Act
- Small Business Regulatory Enforcement Fairness Act (SBREFA)/Regulatory Flexibility Act (RFA)
- Unfunded Mandates Reform Act (UMRA)
- Office of Management and Budget (OMB) guidance
- Executive Orders
- 12866 and 13248 (Regulatory Review)
- 12898 (Environmental Justice)
- 13045 (Children's Health)
- 13211 (Energy Supply, Distribution, and Use)
- 13212 (Actions to Expedite Energy-related Projects)
- 13272 (Proper Consideration of Small Entities in Agency Rulemaking)
Benchmarking
- Step identification
- Labor time estimates
- Non-labor estimates
- Consistent metric development
- Option comparison
