Measuring Regulatory Errors from Environmental Policy Uncertainty

Environmental Policy Aid Under Uncertainty

Measuring Measuring Errors

An important part of statistical analysis, perhaps the most important part, is the identification and quantification of sources of variation. For example, in a t-test the variation between groups is compared with variation within the groups to see if the former can be explained by the latter alone. The main tool for measuring variation is the standard deviation (SD), although it is sometimes us...

Regulatory Uncertainty and Corporate Responses to Environmental Protection in China

This article analyzes the closing gap between regulation and enforcement of environmental protection in China and explores its implications for doing business there. It identifies three major dimensions that characterize change in regulatory systems: priorities and incentives, bureaucratic alignment, and transparency and monitoring. Using these dimensions, it describes the mechanisms that chara...

The precautionary principle and environmental policy: science, uncertainty, and sustainability.

n matters of personal health, prevention and precaution are widely recognized " best practices. " Policymakers are eager to endorse suggestions that we exercise or eat more fiber, or avoid tobacco and alcohol. Policies governing the release of toxic chemicals into the environment have not reflected similar common sense and foresight. However , there are some positive signs that this is changing...

Regime Shifts, Environmental Signals, Uncertainty, and Policy Choice