Document Type
Article
Publication Date
12-2011
Publication Title
International Review of Law and Economics
Publication Title (Abbreviation)
Int'l Rev. L. & Econ.
Volume
31
First Page
249
Last Page
255
Abstract
Sanctions for regulation violations are used to deter conduct which could potentially result in great social harms. This practice over-deters talented entities and under-deters untalented entities, which leads to social losses. This paper analyzes whether and how such social losses can be mitigated. I show that this can be achieved by allowing regulatees to purchase passes exempting them from regulations at appropriate prices.
DOI
doi:10.1016/j.irle.2011.06.002
Rights
Author's accepted manuscript, © 2010 Murat C. Mungan
Faculty Biography
http://law.fsu.edu/our-faculty/profiles/mungan
Recommended Citation
Murat C. Mungan,
Welfare Enhancing Regulation Exemptions, 31
Int'l Rev. L. & Econ.
249
(2011),
Available at: https://ir.law.fsu.edu/articles/118
Comments
This is the author's accepted manuscript version. The version of record (© 2014 Elsevier) is available at http://www.sciencedirect.com/science/article/pii/S0144818811000408 or the DOI provided above.