Incomprehensibility and the Law

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

Creating Incentives for Regulatory Comprehensibility

Scholars comment on a new book that advocates greater simplicity and clarity in the expression of laws and regulations.

A Power of Monumental Proportions

Presidents can create national monuments, but a debate rages over whether they can modify them.

Trump’s Regulatory Budgeting Experiment Has Categorically Failed

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

Persuading for Privacy

Pressure mounts for Congress to come to bipartisan agreement on privacy.

Calculator Spreadsheet Money

The Value of a Statistical Life is Not Efficient

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

Spreadsheet Pen

Efficient Risk Regulations Do Not Increase Risks

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

Spreadsheet Calculator Pen

Putting the Horse Before the Cart in Cost-Benefit Analysis

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

Spreadsheet White Pen

The Long-Term Value of the Value of a Statistical Life

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

Spreadsheet Calculator Pen

The Myopic Short-Termism of the Value of a Statistical Life

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

Spreadsheet and pen

Failing to Think Properly About the Value of a Statistical Life

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

Pen Calculator Spreadsheet

The Value of the Value of a Statistical Life

Analysts debate how agencies should measure the benefits of reducing mortality.