Institute for Policy Integrity

Twitter @policyintegrity

Publications

Viewing all publications in Safety and Consumer Protection
  • Regulation and Distribution
    Academic Article/Working Paper

    Regulation and Distribution

    By Richard Revesz
    March 2, 2018

    Most regulations seek to improve social welfare, but maximizing overall welfare may not help or protect all groups evenly. Many economists suggest handling unequal regulatory effects through the tax system. But some harms—like the disproportionately high environmental pollution felt by poor and minority communities and loss of the employment base in rural communities due to shifts in the economy—cannot be addressed by monetary compensation alone. A new article by Richard Revesz offers a blueprint for establishing a standing, broadly constituted interagency body charged with addressing serious negative consequences of regulatory measures on particular groups.

  • Self-Bonding in an Era of Coal Bankruptcy
    Report

    Self-Bonding in an Era of Coal Bankruptcy

    Recommendations for Reform

    By Jayni Foley Hein, Ben Snow, Sean Stefanik, and Lauren Webb
    August 3, 2016

    Federal law requires coal companies to reclaim and restore land and water resources that have been degraded by mining. But at many sites, reclamation occurs slowly, if it all. Mining companies are required to post performance bonds to ensure the successful completion of reclamation efforts should they become insolvent, but regulators have discretion to accept “self-bonds,” which allow many companies to operate without posting any surety or collateral. As the coal industry experiences financial distress and coal companies declare bankruptcy, the viability of future reclamation work is endangered. This report offers recommendations to help regulators better assess coal companies’ financial health and take steps to curtail self-bonding.

  • Cost-Benefit Analysis and the Structure of the Administrative State
    Academic Article/Working Paper

    Cost-Benefit Analysis and the Structure of the Administrative State

    The Case of Financial Services

    By Richard L. Revesz
    February 22, 2016

    The viability and desirability of conducting cost-benefit analysis of financial regulation is a subject of intense academic debate. Opponents claim that such analysis is feasible for environmental regulation but not for financial regulation because of the difference in the benefits that require monetization in the respective areas. This article, which will be published in a forthcoming edition of the Yale Journal on Regulation, argues that the recent debate misses an important part of the problem. In large part, cost-benefit analysis of financial regulation cannot currently be performed successfully because of institutional shortcomings, not analytical difficulties. Compared to Executive Branch agencies, independent agencies, like the major financial regulatory agencies, lack the capacity to do cost-benefit analyses of acceptable quality. Fortunately, there are good Executive Branch models that could be exported to the financial regulatory agencies.

  • Supporting Survivors
    Report

    Supporting Survivors

    The Economic Benefits of Providing Civil Legal Assistance to Survivors of Domestic Violence

    By Jennifer S. Rosenberg and Denise A. Grab
    July 21, 2015

    Evidence indicates that the social costs of domestic violence extend far beyond the private costs borne by victims and their immediate families. Supporting Survivors analyzes the social costs of this public health problem and explores civil legal aid efforts, which have been shown to reduce rates of domestic violence by helping victims obtain protective orders and other services.

  • Navigating Net Neutrality
    Report

    Navigating Net Neutrality

    By A.J. Brown and Denise Grab
    May 14, 2014

    The Federal Communications Commission’s ability to protect the open Internet has been limited, due to recent court decisions. This report examines the regulatory options and recommends to FCC a course forward that will best promote the benefits of widespread Internet access.