Now showing items 1-4 of 4
Wading Through the Muddle of Risk-Utility Analysis
(American University Law Review, 1990)
The original emphasis of risk-utility analysis on the need for balanced decisions with respect to product liability is a correct and fundamental principle. Moreover, many traditional factors that have been considered ...
Equivalent Frames of Reference for Judging Risk Regulation Policies
(N.Y.U. Environmental Law Journal, 1994)
Although the design of risk regulations has not yet attained what might be termed the economist's ideal of maximizing the difference between benefits and costs, substantial progress has been made in the design of regulatory ...
Using Warnings to Extend the Boundaries of Consumer Sovereignty
(Harvard Journal of Law & Public Policy, 1999)
We make decisions every day for which we may not have full information. Not all such decisions lead to negative consequences, however. For example, scientists still know very little about why aspirin has its beneficial ...
Carcinogen Regulation: Risk Characteristics and the Synthetic Risk Bias
(AEA Papers and Proceedings, 1995)
In this paper, I will explore the decision to regulate natural and synthetic chemicals. To what extent are regulatory decisions driven by the severity of the risk as opposed to the character of the risk exposure? The ...