Rules vs. discretion: the wrong choice could open the floodgates

Anyone who sets any kind of policy can appreciate the dilemma that faces those trying to prevent construction in floodplains: Is it better to stick to the rules-no matter how harsh-or to exercise discretion under certain circumstances?

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Year of publication:	2003
Authors:	Buol, Jason J. ; Vaughan, Mark D.
Published in:	The Regional Economist. - Federal Reserve Bank of St. Louis. - 2003, Jan, p. 10-11
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Floods \| Public policy \| Natural disasters

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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