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Chart Accompanying: An Assessment Of Cross-National Regulatory Burden Comparisons, Thomas D. Hopkins
Chart Accompanying: An Assessment Of Cross-National Regulatory Burden Comparisons, Thomas D. Hopkins
Fordham Urban Law Journal
The Article compares several rankings systems for national regulatory compliance costs. It finds the ranking systems are limited to differentiating between those countries least burdened by regulation from those most burdened by regulation. It concludes the rankings could be an important tool for deciding which countries would be the most promising for regulatory burden reduction initiatives.
Monetizing The Benefits Of Risk And Environmental Regulation, W. Kip Viscusi
Monetizing The Benefits Of Risk And Environmental Regulation, W. Kip Viscusi
Fordham Urban Law Journal
The Article responds to the school of thought reflected in the book "Priceless: On Knowing the Price of Everything and the Value of Nothing" that opposes the economists' attempts to monetize the value of environmental amenities and the value of risks to life and health. It applies the value of statistical life ("VSL") concept to regulatory decisions in order to decide whether the adoption of a regulation makes economic sense. VSL measures the value of life, as judged by measuring the amount of risk of injury workers in a particular industry are willing to take on, and the costs associated …
How Much Is That Doggy In The Window? The Inevitably Unsatisfying Duty To Monetize, Adam F. Scales
How Much Is That Doggy In The Window? The Inevitably Unsatisfying Duty To Monetize, Adam F. Scales
Fordham Urban Law Journal
The Article is in response to Professor Kip Viscusi's "Monetizing the Benefits of Risk and Environmental Regulation." It emphasizes several issues Viscusi's "value of a statistical life" (VSL) methodology fails to capture: (1) the distinction and difference in value between willingness to pay for a regulation and willingness to accept; (2) the fact that the many risks, for which regulations have been adopted, are so slight that the value to many is actually the value of not seeing someone else suffer harm in the absence of regulation; (3) real life irrational decision-making does not easily fit into an economic value; …
An Assessment Of Cross-National Regulatory Burden Comparisons, Thomas D. Hopkins
An Assessment Of Cross-National Regulatory Burden Comparisons, Thomas D. Hopkins
Fordham Urban Law Journal
The Article compares several rankings systems for national regulatory compliance costs. It finds the ranking systems are limited to differentiating between those countries least burdened by regulation from those most burdened by regulation. It concludes the rankings could be an important tool for deciding which countries would be the most promising for regulatory burden reduction initiatives.