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.
The Value of a Statistical Life is Not Efficient
Over-reliance on the VSL measure often leads to excessive consideration and regulation of risk.
Efficient Risk Regulations Do Not Increase Risks
As a practical matter, the VSL is successful in balancing the benefits and costs of regulation.
Putting the Horse Before the Cart in Cost-Benefit Analysis
Regulators must measure welfare using transparent methods before determining the policies themselves.
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.
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.
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.
The Value of the Value of a Statistical Life
Analysts debate how agencies should measure the benefits of reducing mortality.