The law needs not only to correct information asymmetries but comprehension asymmetries too.
Scholars comment on a new book that advocates greater simplicity and clarity in the expression of laws and regulations.
Presidents can create national monuments, but a debate rages over whether they can modify them.
The Trump Administration’s 1-in-2-out policy is more of an ineffective symbol than an action toward deregulation.
Pressure mounts for Congress to come to bipartisan agreement on privacy.
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.
Analysts debate how agencies should measure the benefits of reducing mortality.