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In this article, I will examine the doctrine of ignorantia legis, or presumed knowledge of the law, as it functions in the current milieu of American criminal justice, the age of the regulatory crime. Much ink has been spilled over this doctrine, and many pieces argue against ignorantia legis,...
Persistent link: https://www.econbiz.de/10014136957
This article looks at New Zealand's conduct of business rules for financial advisers. It compares New Zealand's rules to conduct of business rules applicable in the United Kingdom and Australia. There are major respects in which New Zealand's conduct of business rules fall behind best practice,...
Persistent link: https://www.econbiz.de/10012999354
This Article develops an analytic framework for understanding the role of uncertainty in regulatory design. It begins by differentiating between three types of uncertainty: legal uncertainty, factual uncertainty, and uncertainty about the application of law to fact. This framework highlights the...
Persistent link: https://www.econbiz.de/10012988322
This paper discusses models of law and regulation of Artificial Intelligence (“AI”). The discussion focuses on four models: the black letter model, the emergent model, the ethical model, and the risk regulation model. All four models currently inform, individually or jointly, integrally or...
Persistent link: https://www.econbiz.de/10013252027
I show that legal uncertainty, i.e., uncertainty about the legality of a specific action, has positive welfare effects. Legal uncertainty works as a screening device provided that the threshold of legality is uncertain. The uncertainty discourages controversial actions, while it encourages...
Persistent link: https://www.econbiz.de/10011106489
The aim of this article is to describe the banking union and its importance for the EU, its pillars, and principles on which it is based, its goal and contribution to the stronger financial system in Europe. We focus especially on the supervision system in the EU and possibilities of financing...
Persistent link: https://www.econbiz.de/10011195068
Traditionally the concern on the quality of regulation has focused on formal or technical issues, nowadays the concern on the substantive content of legal rules and their efficiency is increasingly relevant. The material dimension of regulatory quality refers to the effectiveness of legal...
Persistent link: https://www.econbiz.de/10014187738
On May 14, 2018, the U.S. Supreme Court issued its seminal ruling in Murphy v. National Collegiate Athletic Association, which held that the Professional and Amateur Sports Protection Act violated the Tenth Amendment of the U.S. Constitution and that U.S. states are now free to legalize...
Persistent link: https://www.econbiz.de/10014109973
The standard economic approach to considering the effects of a policy tends to neglect the prospect of regulatory ambiguity. I describe four sources of regulatory ambiguity and survey the literature considering the effects of ambiguity on entrepreneurial activity. I also explain how...
Persistent link: https://www.econbiz.de/10012890633
This article explores how the theory of, “responsive regulation,” might guide historical inquiry into the American origins of the global financial crisis. Part I of the article briefly lays out some key ideas of the, “responsive regulation,” literature, and sketches how advocates of this...
Persistent link: https://www.econbiz.de/10013124115