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Regulation versus Litigation: Perspectives from Economics and Law

Regulation versus Litigation: Perspectives from Economics and Law

Paperback

Series: National Bureau of Economic Research Conference Report

Business GeneralGeneral Law

ISBN10: 0226432203
ISBN13: 9780226432205
Publisher: University of Chicago Press
Published: Jun 22 2012
Pages: 344
Weight: 1.11
Height: 0.77 Width: 6.00 Depth: 9.00
Language: English
The efficacy of various political institutions is the subject of intense debate between proponents of broad legislative standards enforced through litigation and those who prefer regulation by administrative agencies. This book explores the trade-offs between litigation and regulation, the circumstances in which one approach may outperform the other, and the principles that affect the choice between addressing particular economic activities with one system or the other. Combining theoretical analysis with empirical investigation in a range of industries, including public health, financial markets, medical care, and workplace safety, Regulation versus Litigation sheds light on the costs and benefits of two important instruments of economic policy.

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General Law