How much discretion for risk regulators?
نویسندگان
چکیده
منابع مشابه
How Much Discretion for Risk Regulators?
We analyze the regulation of firms that undertake socially risky activities and can reduce the probability of an accident inflicted on thirdparties by carrying out nonverifiable effort. Congress delegates the regulatory task to an Agency, though they may have have different preferences towards the industry. We determine the optimal level of discretion left by Congress to the Agency, showing a t...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2012
ISSN: 0741-6261
DOI: 10.1111/j.1756-2171.2012.00166.x