Of sex and drugs, and rock'n'roll: does law and economics support social regulation?

Article Abstract:

The discipline of law and economics is often viewed as being nonsupportive of government social regulation because its basic premise is the maximization of efficient outcomes which so often cannot occur with government interference. Proponents may support certain regulations where efficiency is likely to result. However, the social arena is extremely difficult to analyze from that and other assumptions of law and economics' due to the unpredictablness of externalities. The role of politics, morals, and wealth equality is and may continue to be uncertain.

Externalities (Economics), Law and economics, Law and economics (Jurisprudence)

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The economics of airline safety and security: an analysis of the White House Commission's recommendations

Article Abstract:

A White House Commission on Aviation Safety and Security's report on the TWA flight 800 crash does not provide the careful policy guidance the Federal Aviation Administration needs in crafting cost efficient regulations to ensure safer airline travel. Risk-free travel is impossible despite the Commission's recommendation for expensive, sophisticated high explosive sensing technology at airports. In addition to cost-benefit analyses, the FAA must also consider civil liberties issues in developing safety regulations.

Safety and security measures, Airlines, Administrative procedure

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Cyberjam: the law and economics of Internet congestion of the telephone network

Article Abstract:

Allowing Internet service providers to avoid paying for interstate access by using the Federal Communications Commission's access-charge exemption for enhanced service providers does damage to the competitive free market. This exemption creates traffic jams at the information highway's entry points. Efficient prices for access would lead to efficient demand decisions from consumers, incentives for the supply of additional capacity and for suppliers of transmission access to choose the best technologies.

Management, Internet service providers, Telephone systems

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