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Regulating Risks

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  • Robert A. Pollak

Abstract

Stephen Breyer's new book, "Breaking the Vicious Circle: Toward Effective Risk Regulation" addresses the widely recognized problems of health, safety, and environmental regulation. Breyer argues that public perceptions, congressional politics, and the technical uncertainties of risk regulation define a "vicious circle" - a situation of "regulatory gridlock." Breyer argues that reforming and depoliticizing the regulatory process - a solution that draws on "the virtues of bureaucracy" - is the best chance for practical reform. The review questions whether quantitative risk assessment, the "scientific" component of risk regulation (as opposed to risk management, the policy component), can be made "scientific" enough to engender the trust required to succeed.

Suggested Citation

  • Robert A. Pollak, 1995. "Regulating Risks," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 179-191, March.
    • Handle: RePEc:aea:jeclit:v:33:y:1995:i:1:p:179-191
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    File URL: http://www.e-jel.org/archive/mar1995/Pollak.pdf
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    Cited by:

    1. Frank van Tongeren & John Beghin & Stéphane Marette, 2009. "A Cost-Benefit Framework for the Assessment of Non-Tariff Measures in Agro-Food Trade," OECD Food, Agriculture and Fisheries Papers 21, OECD Publishing.
    2. Pauline Barrieu & Bernard Sinclair-Desgagné, 2003. "The Paradox of Precaution," CIRANO Working Papers 2003s-63, CIRANO.
    3. Pauline Barrieu & Bernard Sinclair-Desgagné, 2006. "On Precautionary Policies," Management Science, INFORMS, vol. 52(8), pages 1145-1154, August.
    4. Paul R. Kleindorfer & Eric W. Orts, 1998. "Informational Regulation of Environmental Risks," Risk Analysis, John Wiley & Sons, vol. 18(2), pages 155-170, April.
    5. Bernard Sinclair-Desgagné, 2000. "Environmental Risk Management and the Business Firm," CIRANO Working Papers 2000s-23, CIRANO.

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