The Scales of Weighing Regulatory Costs Technology, Geography, and Time
Jamison E. Colburn
This book examines the calculation and evaluation of
regulatory costs by regulators in accordance with a legislative mandate. A
serious limitation in that enterprise, the possibility of technological change
and innovation, often compromises those efforts and has long been
under-appreciated in standard ‘cost-benefit analysis.' Regulators who study the
inducement of innovation and the avoidance of regulatory costs by the regulated
often find significant cost-saving opportunities, leading to more stringent and
more effective risk governance. Ultimately, the weighing of costs in this more
elaborate model is more than simple welfare maximization. It views regulatory
costs as important to society for a range of reasons, some grounded in fairness
and some in deliberative process values, as a society seeks to minimize all
costs over time.
(Subjects: international trade law, regulations, regulatory law)
No comments:
Post a Comment