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Author: Wesley A. Magat
Publisher: MIT Press
ISBN: 9780262132770
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Their set of original studies of household chemicals, energy audits, and food risk labeling establishes guidelines for the design and evaluation of these informational regulations. How does risk labeling information on hazardous household chemicals and pesticides influence consumer behavior? While many studies speculate on the effects of risk information, Magat and Viscusi draw on a series of extensive surveys to assess the likely response. Their set of original studies of household chemicals, energy audits, and food risk labeling establishes guidelines for the design and evaluation of these informational regulations. Their findings also include new estimates of the valuation of nonfatal health risks, the first estimates in the literature of the role of altruism, and an assessment of the influence of irrational responses to risk. Although economists suggest that giving consumers information about potentially hazardous goods is preferable to direct regulation of product content, implementation of information regulation raises a host of issues that need to be addressed. Magat and Viscusi document the cognitive limitations that consumers have in processing information and break new ground by showing how, given this behavior, the informational regulations should be designed.Case studies assess the degree to which different kinds of consumers notice, remember, and heed printed warnings in a range of wordings and formats. They then examine risk valuation, showing how much consumers are willing to pay for increased product safety under various conditions. A concluding chapter synthesizes the results and discusses their implications for regulatory policy.
Author: Wesley A. Magat
Publisher: MIT Press
ISBN: 9780262132770
Category : Business & Economics
Languages : en
Pages : 306
Get Book Here
Book Description
Their set of original studies of household chemicals, energy audits, and food risk labeling establishes guidelines for the design and evaluation of these informational regulations. How does risk labeling information on hazardous household chemicals and pesticides influence consumer behavior? While many studies speculate on the effects of risk information, Magat and Viscusi draw on a series of extensive surveys to assess the likely response. Their set of original studies of household chemicals, energy audits, and food risk labeling establishes guidelines for the design and evaluation of these informational regulations. Their findings also include new estimates of the valuation of nonfatal health risks, the first estimates in the literature of the role of altruism, and an assessment of the influence of irrational responses to risk. Although economists suggest that giving consumers information about potentially hazardous goods is preferable to direct regulation of product content, implementation of information regulation raises a host of issues that need to be addressed. Magat and Viscusi document the cognitive limitations that consumers have in processing information and break new ground by showing how, given this behavior, the informational regulations should be designed.Case studies assess the degree to which different kinds of consumers notice, remember, and heed printed warnings in a range of wordings and formats. They then examine risk valuation, showing how much consumers are willing to pay for increased product safety under various conditions. A concluding chapter synthesizes the results and discusses their implications for regulatory policy.
Author: Wesley A. Magat
Publisher:
ISBN:
Category :
Languages : es
Pages : 297
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Book Description
Author: Michael B. Mazis
Publisher:
ISBN:
Category : Advertising laws
Languages : en
Pages : 46
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Book Description
Author: Marius Fischer
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3111045234
Category : Law
Languages : en
Pages : 320
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Book Description
The risk-based approach to capital markets regulation is in crisis. Climate change, shifting demographics, geopolitical conflicts and other environmental discontinuities threaten established business models and shorten the life spans of listed companies. The current rules for periodic disclosure in the EU fail to inform market participants adequately. Unlike risks, uncertainties are unquantifiable or may only be quantified at great cost, causing them to be insufficiently reflected in periodic reports. This is unfortunate, given the pivotal role capital markets must play in the economy’s adaptation to environmental discontinuities. It is only with a reformed framework for periodic disclosure, that gradual and orderly adaptation to these discontinuities appears feasible. To ensure orderly market adaptation, a new reporting format is required: scenario analysis should be integrated into the European framework for periodic disclosure.
Author: Institute of Medicine
Publisher: National Academies Press
ISBN: 030922408X
Category : Medical
Languages : en
Pages : 366
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Book Description
A very high portion of the seafood we eat comes from abroad, mainly from China and Southeast Asia, and most of the active ingredients in medicines we take originate in other countries. Many low- and middle-income countries have lower labor costs and fewer and less stringent environmental regulations than the United States, making them attractive places to produce food and chemical ingredients for export. Safe Foods and Medical Products Through Stronger Regulatory Systems Abroad explains that the diversity and scale of imports makes it impractical for U.S. Food and Drug Administration (FDA) border inspections to be sufficient to ensure product purity and safety, and incidents such as American deaths due to adulterated heparin imported from China propelled the problem into public awareness. The Institute of Medicine Committee on Strengthening Core Elements of Regulatory Systems in Developing Countries took up the vital task of helping the FDA to cope with the reality that so much of the food, drugs, biologics, and medical products consumed in the United States originate in countries with less-robust regulatory systems. Ensuring Safe Foods and Medical Products Through Stronger Regulatory Systems Abroad describes the ways the United States can help strengthen regulatory systems in low and middle income countries and promote cross-border partnerships - including government, industry, and academia - to foster regulatory science and build a core of regulatory professionals. This report also emphasizes an array of practical approaches to ensure sound regulatory practices in today's interconnected world.
Author:
Publisher:
ISBN:
Category : Administrative procedure
Languages : en
Pages : 72
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Book Description
Author:
Publisher:
ISBN:
Category : Industrial policy
Languages : en
Pages : 558
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Book Description
Author: James T. Hamilton
Publisher: Cambridge University Press
ISBN: 1139446975
Category : Political Science
Languages : en
Pages : 374
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Book Description
Information provision is increasingly being used as a regulatory tool. The US Environmental Protection Agency's Toxics Release Inventory (TRI) Program required facilities that handle threshold amounts of specific chemicals to report yearly their releases and transfers of these toxic substances. The TRI data have become the yardstick by which regulators, investors, environmental organizations, and local community groups measure company environmental performance. This book, which was originally published in 2005, tells the story of the TRI from its origin and implementation to its revision and retrenchment. The mix of case study and quantitative analysis shows how the TRI operates and how the information provided affects decisions in both the public and private sectors. The lessons drawn about the operation of information provision programs should be of interest to multiple audiences.
Author: Maurizio Borghi
Publisher: Taylor & Francis
ISBN: 1000830357
Category : Law
Languages : en
Pages : 370
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Book Description
This edited collection seeks to map the landscape of contemporary informational interests, to evaluate a range of recognised and putative rights and wrongs associated with modern information societies, and to consider how law, regulation, and governance should be deployed in response. New technologies and new applications constantly disrupt our values, our framing of our world, and our sense of where we are and who we are. In our ‘information societies’, we entertain mixed hopes and expectations, as well as significant fears and concerns. At the root of these, there are a number of informational interests, on the basis of which certain rights are claimed and particular wrongs denounced. This book addresses these interests, considering them as relating primarily to the integrity of the informational ecosystem, to the accessibility, accuracy, and authenticity of public information, and to our individual ability to control the outward and inward flows of information that relates directly to ourselves. Covering a wide range of subjects, the book’s interrogation of our contemporary information society is oriented around two questions: first, whether the information society in which we live is the kind of society that we think it should be and, second, if not, what we can reasonably expect law, regulation, and governance to do in providing the basis for improving it. This book will be of considerable interest to those working at the intersection of law and technology, as well as others concerned with the legal, political, and social aspects of our information society.
Author: David W. Case
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The substantial growth of voluntary formal corporate environmental reporting presents an opportunity to significantly expand informational regulation as a tool of American environmental protection policy. The goal of this Article is to encourage policymakers to leverage this voluntary trend for public policy purposes, ultimately leading to development of a comprehensive system of mandatory reporting of environmental performance information. Importantly, however, such an objective is not offered as a panacea for infirmities inherent in traditional environmental regulation. Indeed, extant scholarship reflects that disclosure strategies are imperfect substitutes for direct legal controls on environmental conduct. Nonetheless, concerning the search for viable alternatives to traditional regulatory choices, such scholarship also reflects the substantial promise of information disclosure as a supplement to the existing regulatory system. Indeed, as part of a reflexive law strategy, a primary objective of information disclosure is to encourage "self-regulatory" behavior to complement existing direct control systems and attendant enforcement regimes. Accordingly, use of corporate environmental reporting as an informational regulatory approach should stand alongside of, rather than in substitute for, command-and-control regulation. Section I of this Article examines the still evolving trend toward voluntary disclosure of environmental performance information in formal corporate environmental reports. This discussion pays particular attention to the most important recent development in the evolution of voluntary formal corporate environmental reporting - the Global Reporting Initiative. Section II examines two existing examples - the European Union's Eco-Management and Audit Scheme ("EMAS") regulation and environmental disclosure under United States securities laws - of governmental policy instruments requiring disclosure of environmental performance information. Section III utilizes a law and economics framework to evaluate the viability of utilizing the existing voluntary formal corporate environmental reporting regime to establish a comprehensive strategy of environmental informational regulation. Following analysis of formal corporate environmental reporting through consideration of economic and legal perspectives on environmental informational regulation, the Article concludes with a brief discussion of the intrinsic worth of a mandatory regulatory approach as opposed to mere governmental support for a voluntary reporting regime.
