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来源类型Working Paper
规范类型报告
DOI10.3386/w14752
来源IDWorking Paper 14752
An Activity-Generating Theory of Regulation
Joshua Schwartzstein; Andrei Shleifer
发表日期2009-02-25
出版年2009
语种英语
摘要We propose an activity-generating theory of regulation. When courts make errors, tort litigation becomes unpredictable and as such imposes risk on firms, thereby discouraging entry, innovation, and other socially desirable activity. When social returns to innovation are higher than private returns, it may pay the society to generate some information ex ante about how risky firms are, and to impose safety standards based on that information. In some situations, compliance with such standards should entirely preempt tort liability; in others, it should merely reduce penalties. By reducing litigation risk, this type of regulation can raise welfare.
主题Microeconomics ; Welfare and Collective Choice ; Other ; Law and Economics ; Industrial Organization ; Regulatory Economics
URLhttps://www.nber.org/papers/w14752
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572428
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GB/T 7714
Joshua Schwartzstein,Andrei Shleifer. An Activity-Generating Theory of Regulation. 2009.
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