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- W2045069765 abstract "Economics has developed important concepts of policy analysis that are widely applied to problems of regulation: cost-benefit analysis, the economics of property rights and techniques of constrained maximization. They encompass such lines of reasoning as: (1) the view that the property right should be assigned to the party to whom it is the most valuable; (2) the view that the burden should be placed on the party best situated to solve the problem at the lowest cost; (3) the view that regulation ipso facto creates inefficiencies and distortions; and (4) the view that law should promote efficiency." @default.
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- W2045069765 date "1992-01-01" @default.
- W2045069765 modified "2023-09-26" @default.
- W2045069765 title "Normative Premises in Regulatory Theory" @default.
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