Showing 1 - 10 of 18,415
-oriented approach vis-à-vis the government of risk. Although not necessarily anti-scientific, this other ‘soul’ of EU risk regulation is … this dual nature of EU risk regulation …According to a familiar script, the EU has, in recent years, been subscribing to a progressive ideal of regulation …
Persistent link: https://www.econbiz.de/10014179386
Risk regulation is of crucial importance for the functioning of contemporary societies, where risk is ubiquitous … politics? This chapter presents the most relevant law and economics theories for the field of risk regulation. It first … paradigm for risk regulation. While among law and economics scholars and in regulatory circles, consensus coalesced around the …
Persistent link: https://www.econbiz.de/10014042576
detailed, specific, and data-driven rules that clearly delineate firms or activities that do, or do not, pose systemic risk …
Persistent link: https://www.econbiz.de/10013011346
regulation is usually an ancillary consideration to credit risk, operational risk, or other primary risk. In these instances … other controversies. This Article argues expansive regulation of reputation risk is harmful. There is little evidence that … “reputation risk” posed by doing business with the National Rifle Association (a gun rights advocacy group). As part of Operation …
Persistent link: https://www.econbiz.de/10012849853
Banking regulation and supervision have a key role to play in realising the EU’s climate change objectives. In this … to force banks to develop adequate internal risk management procedures while taking a largely agnostic approach as to … downplay risk, while large financial institutions gain a significant advantage and the distribution of responsibility between …
Persistent link: https://www.econbiz.de/10012795122
Assets with a value of over $130billion are regulated in Australia. We define regulatory risk as being regulation that … increases the cost of servicing this capital and analyse the sources of this risk. We show that unbiased and symmetric errors … will generally create asymmetric risk for the firm, that investors cannot fully diversify against this risk, and that the …
Persistent link: https://www.econbiz.de/10013120536
This study aims at characterizing the optimal regulation of risky activities when risk assessment is subjective as a … risk perceptions, which substantially affect the optimal intervention. To explore this issue, we construct a moral hazard … optimal fine level, which is in contrast to the effect of less risk-aversion. We then extend the analysis to the case where …
Persistent link: https://www.econbiz.de/10012837984
This paper offers a theoretically precise output price standard to evaluate the potential over-deterrence risks of the price squeeze tests in the antitrust and regulatory literature. The analysis shows that the as-efficient competitor (AEC) test could be subject to false-positive errors for both...
Persistent link: https://www.econbiz.de/10013312535
Persistent link: https://www.econbiz.de/10013101262
the readers of the European Journal of Risk Regulation to this fascinating emerging area of risk studies. We shall attempt …
Persistent link: https://www.econbiz.de/10014188613