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Regulating Risk: How Private Information Shapes Global Safety Standards

Regulating Risk: How Private Information Shapes Global Safety Standards

  • Author:
  • Publisher: Cambridge University Press
  • ISBN: 9781009291927
  • Published In: March 2023
  • Format: Hardback
  • Jurisdiction: U.K. ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 1,196.00

HKD 1,160.12 Save HKD 35.88 (3%)

Delivery Time: around 4-5 weeks
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  • Description 
  • Contents 

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When governments impose stringent regulations that impede domestic competition and international trade, should we conclude that this is a deliberate attempt to protect industry or an honest effort to protect the population? Regulating Risk offers a third possibility: that these regulations reflect producers' ability to exploit private information. Combining extensive data and qualitative evidence from the pesticide, pharmaceutical, and chemical sectors, she demonstrates how companies have exploited product safety information to win stricter standards on less profitable products for which they offer a more profitable alternative. Companies have additionally supported regulatory institutions that, while intended to protect the public, also help companies use information to eliminate less profitable products more systematically, creating barriers to commerce that disproportionally disadvantage developing countries. These dynamics not only play out domestically but also internationally, under organizations charged with providing objective regulatory recommendations. The result has been the global legitimization of biased regulatory rules.

1. The informational origins of regulatory barriers
2. Private information in the regulation of risk
3. A theory of regulatory barriers
4. Seeking stricter standards
5. How precaution begets bias
6. The internationalization of bias
7. Challenging barriers

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