Productive and Dynamic Inefficiencies of Moderate Regulatory Sanctions

Abstract The value of a statistical life (VSL) establishes the money-risk tradeoff that U.S. government agencies have used for four decades to monetize the mortality reduction benefits of proposed regulations. This article advocates the adoption of the VSL more generally both for policy evaluation purposes and for setting the magnitude of regulatory sanctions involving fatalities. Agencies currently employ the inconsistent practice of using the VSL to set the stringency of regulations, while at the same time, reverting to very low monetary values of sanctions for violations that result in fatalities. Reform of penalty levels to reflect the VSL will require increasing the current statutory limits on regulatory penalties. Revamping the penalty structure also will incentivize private companies to incorporate the VSL in their corporate risk analyses. Government agencies, including those concerned with national defense, similarly could profit from greater expansion of the use of the VSL in policy decisions.

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Corporate Risk Analyses and Regulatory Sanctions:

Pricing Lives ◽

10.2307/j.ctvc772d8.7 ◽

2018 ◽

pp. 70-89

Keyword(s):

Corporate Risk ◽

Regulatory Sanctions

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Reforming Regulatory Sanctions — A Personal Perspective

Environmental Law Review ◽

10.1350/enlr.2009.11.2.045 ◽

2009 ◽

Vol 11 (2) ◽

pp. 69-74

Author(s):

Richard Macrory

Keyword(s):

Personal Perspective ◽

Regulatory Sanctions

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Financial impact of regulatory sanctions on listed companies

European Journal of Law and Economics ◽

10.1007/s10657-019-09638-1 ◽

2020 ◽

Vol 49 (2) ◽

pp. 301-337 ◽

Cited By ~ 1

Author(s):

Laure de Batz

Keyword(s):

Listed Companies ◽

Financial Impact ◽

Regulatory Sanctions

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How stock markets react to regulatory sanctions? Evidence from France

Applied Economics ◽

10.1080/00036846.2019.1644443 ◽

2019 ◽

Vol 51 (60) ◽

pp. 6558-6566 ◽

Cited By ~ 2

Author(s):

Thierry Kirat ◽

Amir Rezaee

Keyword(s):

Stock Markets ◽

Regulatory Sanctions

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Adherence to the Request Criterion in Jurisdictions Where Assisted Dying is Lawful? A Review of the Criteria and Evidence in the Netherlands, Belgium, Oregon, and Switzerland

The Journal of Law Medicine & Ethics ◽

10.1111/jlme.12098 ◽

2013 ◽

Vol 41 (4) ◽

pp. 885-898 ◽

Cited By ~ 5

Author(s):

Penney Lewis ◽

Isra Black

Keyword(s):

The Netherlands ◽

Assisted Suicide ◽

Criminal Liability ◽

Medical Professional ◽

Voluntary Euthanasia ◽

Assisted Dying ◽

Do So ◽

Regulatory Sanctions

Some form of assisted dying (voluntary euthanasia and/or assisted suicide) is lawful in the Netherlands, Belgium, Oregon, and Switzerland. In order for individual instances of assisted dying to be lawful in these jurisdictions, a valid request must precede the provision of assistance to die. Non-adherence to the criteria for valid requests for assisted dying may be a trigger for civil and/or criminal liability, as well as regulatory sanctions where the assistor is a medical professional.In this article, we review the criteria and evidence in respect of requests for assisted dying in the Netherlands, Belgium, Oregon, and Switzerland. Our aim is to establish whether individuals who receive assisted dying do so on the basis of valid requests.

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Regulatory Sanctions: Wheel-Clamping and Hassle

SSRN Electronic Journal ◽

10.2139/ssrn.1684500 ◽

2010 ◽

Cited By ~ 1

Author(s):

Anthony I. Ogus

Keyword(s):

Regulatory Sanctions

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Beyond Criminal Law

10.1093/oso/9780190458331.003.0018 ◽

2017 ◽

Author(s):

Mark Pieth

Keyword(s):

World Bank ◽

Criminal Law ◽

Preventive Measures ◽

Multilateral Development Banks ◽

The World Bank ◽

The World ◽

The Face ◽

Development Banks ◽

Administrative Sanctions ◽

Regulatory Sanctions

This chapter discusses administrative sanctions and preventive measures that go beyond criminal law to fight corruption such as states and Multilateral Development Banks (MDBs). They have developed a set of regulatory sanctions more directly aiming at the prevention of abuses by companies and individuals and protecting the interests of their respective institutions. Domestic procurement rules as well as the regulations developed by MDBs foresee cancellation of loans in the face of concrete misbehavior. Domestic agencies would also be able to stay subsidies or export insurance. Furthermore, domestic agencies and MDBs have introduced detailed sanctions procedures allowing debarment of corporations and individuals from future participation in procurement or from eligibility for export insurance. The debarment procedures established by MDBs may be regarded as a worldwide example of such administrative sanctioning, and one of the largest is the World Bank.

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