Opinion

Misaligned incentives can encourage incomprehensibility.

Cooperative communication between the Internal Revenue Service and taxpayers would improve the comprehensibility of taxation.

Agencies and stakeholders have incentives to speak to each other incomprehensibly.

Proposed legislation targets online child sexual exploitation, but tech advocates say it may hamper encryption.

The law needs not only to correct information asymmetries but comprehension asymmetries too.

The Trump Administration’s 1-in-2-out policy is more of an ineffective symbol than an action toward deregulation.

Over-reliance on the VSL measure often leads to excessive consideration and regulation of risk.

As a practical matter, the VSL is successful in balancing the benefits and costs of regulation.

Regulators must measure welfare using transparent methods before determining the policies themselves.

The VSL is necessarily based on market preferences that accurately reflect society’s valuation of risks and benefits.

The primary drawback of the VSL is that it fails to account for future generations’ valuation of benefits and costs.

Using the VSL to measure benefits promotes the interests of individuals who are affected by regulation.