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The need for humility in policymaking : lessons from regulatory policy

Author: Stefanie Haeffele; Anne Hobson
Publisher: London ; NewYork : Rowman & Littlefield International, [2019]
Series: Economy, polity, and society (Rowman & Littlefield International)
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Regulations impact a wide array of market and social activities that influence our daily lives. Regulations are attempts to correct perceived market failures, caused by information asymmetries, externalities, and principal-agent problems, and to provide public goods, which would otherwise be underprovided. Government actors are responsible for identifying these issues, weighing the costs and benefits of  Read more...
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Additional Physical Format: Online version:
Need for humility in policymaking
London ; NewYork : Rowman & Littlefield International, [2019]
(DLC) 2019014278
Document Type: Book
All Authors / Contributors: Stefanie Haeffele; Anne Hobson
ISBN: 9781786611345 1786611341 9781786611352 178661135X
OCLC Number: 1090707757
Description: xvii, 311 pages ; 23 cm.
Contents: Introduction by Stefanie Haeffele and Anne HobsonChapter 1: Economic Flaws in Computerized Socialism by Joseph KaneChapter 2: Reading Between the Lines: Rulemaking Discretion in the Federal Railroad Administration by Stephen JonesChapter 3: Williamsport Revisited: Applying an Austrian Lens to the Lumber and Fracking Booms of Williamsport, Lycoming County, Pennsylvania by Erika Grace DaviesChapter 4: The Fable of the Packets: A New Institutional/Market Process Approach to Network Neutrality by Nicholas KrosseChapter 5: Community Broadband, Community Benefits? An Economic Analysis of Local Government Broadband Initiatives by Brian DiegnanChapter 6: Entry Regulation in Hospital Markets: The Impact of Certificate of Need Laws on Hospital Concentration by Ariel SlonimChapter 7: Section 1115 Waivers: An Increasing Part of the Medicaid Program by Kelly FergusonChapter 8: Monetary Policy After the Crisis and Alternative Systems for Macroeconomic Stability by Chris KuiperChapter 9: Failed Interventions: The Increasing Ineffectiveness of Monetary and Fiscal Policies in High-Debt Environments by Katelyn ChristChapter 10: Risk-Based Capital Regulation and Bank Asset Allocations by Kristine JohnsonChapter 11: Legal Entity Identifiers as Public Goods and Regulatory Management of Financial Risk by David RannChapter 12: Economic Effects of the "Volcker Rule": Restrictions on Banking Activity and their Consequences for Economic Stability by Derek Thieme
Series Title: Economy, polity, and society (Rowman & Littlefield International)
Responsibility: edited by Stefanie Haeffele, Anne Hobson.

Abstract:

This volume intends to cultivate an appreciation for the complexity of human decision making and the incentives that drive human behavior. By examining specific policy changes, it will delve into the  Read more...

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Creating effective public policy is hard: Policymakers never have all the facts and they can't predict all the consequences. Thus, a dose of humility is essential in policymaking and the researchers Read more...

 
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