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This paper proposes a general way to craft public policy when there is no consensual account of the situation of interest. The design builds on a dual extension of the traditional theory of economic policy. It does not require a representative policymaker's utility function (as in the literature...
Persistent link: https://www.econbiz.de/10005100593
In the United States and most industrialized countries, regulatory policies and decision-making pertaining to food safety, occupational health and environmental protection are science-based. The actual pace and complexity of technological innovation, however, make it increasingly necessary to...
Persistent link: https://www.econbiz.de/10005100784