Tuesday, Could 10, 2022
Hasen: Authorized Requirements And Incomplete Monitoring
David Hasen (Florida; Google Scholar), Authorized Requirements and Incomplete Monitoring, 30 Res. in L. & Econ. 109 (2022):
Regulators can regulate penalties to compensate for incomplete monitoring of regulated events which can be topic to authorized guidelines, however compensating penalty changes typically are unavailable when regulated events are topic to authorized requirements. Incomplete monitoring consequently invitations larger noncompliance below requirements than below guidelines. This chapter develops a mannequin that quantifies a few of the particular tradeoffs that regulators face in designing requirements regimes below incomplete monitoring.
The mannequin additionally considers the extent to which suboptimal compliance as a result of incomplete monitoring is prone to end in deadweight loss in numerous settings.
https://taxprof.typepad.com/taxprof_blog/2022/05/hasen-legal-standards-and-incomplete-monitoring.html
