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Regulatory & Economic Analysis
There are countless firms that perform regulatory & economic analysis. Why should you pick Indtai? In a few words: perspective and experience. Indtai consultants are deeply knowledgeable about the processes Federal managers employ in writing and implementing regulations. We are skilled at writing regulatory impact analyses, benefit-cost analyses, and guidance on rulemaking. We have also worked with major companies, industry groups, and trade associations and reviewed public comments on NPRMs, and understand how the regulated industry thinks. Indeed, Indtai staff have spent a lot of time consulting to regulated industries in operational, compliance, and litigation contexts. We understand what makes them tick. Our people have seen the full range of compliance strategies, from "creative" and unforeseen by regulatory analysts to substantive efforts prior to actual promulgation. We understand the kinds of pressures that make a plant install a scrubber, and the kinds of pressures that make the plant scale back operations or close down. Frankly, Indtai is interested in fostering the development of regulations and economic incentives that result in a "win-win" situation for government, industry, and other key stakeholders.
Indtai's regulatory & economic work is practical and applied. We are savvy evaluators of the impact of regulations because we speak the operational and cost accounting language of the regulated community, and we possess a unique perspective on cost pressures and profitability measures. We help government work with industry sensibly and get feedback on regulations quickly. The trick is to start collecting the data just as industry begins to comply and to check it against the cost assumptions and estimates by the regulating agency. This gives the regulator a chance to recognize immediately if its cost estimate did not fully account for the impact of a new rule, and then to evaluate and implement revised rules or industry guidance in a timely manner. We keep abreast of new policies, guidance, industry trends, and economic studies. We are knowledgeable about modeling and sensitivity analyses, and know how to gauge both direct and indirect effects of regulation. We recognize that conducting regulatory impact analyses is not a pure economic exercise, but a public policy exercise. Our analysts explore the points made in industry and public comments, and we get senior managers in the regulating agency engaged. We recognize that some of the most insightful and validating analyses are conducted in the post-promulgation mode. Our "look-back" analyses help our clients answer important questions: "Did we write a regulation with a demonstrated net benefit to society?" and "How can we do better?"
