(DOWNLOAD) "Clean Air Act Dynamism and Disappointments: Lessons for Climate Legislation to Prompt Innovation and Discourage Inertia (Symposium: New Directions in Environmental Law)" by William W. Buzbee ~ Book PDF Kindle ePub Free
eBook details
- Title: Clean Air Act Dynamism and Disappointments: Lessons for Climate Legislation to Prompt Innovation and Discourage Inertia (Symposium: New Directions in Environmental Law)
- Author : William W. Buzbee
- Release Date : January 01, 2010
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 182 KB
Description
INTRODUCTION All successful regulatory schemes must balance clarity and stability with the need for flexibility and regulatory learning. Room for regulatory and private sector innovation is critical. However, regulatory challenges often encounter not restless regulators and private actors brimming over with innovation ideas and seeking regulatory improvements, but government and private sector inertia and resistance to change. (1) Both regulators and the targets of regulation may invest in initial regulatory choices and, regardless of the efficacy of such choices, resist investment in change due to limited resources, waste of sunk costs, fear of uncertain results, status quo bias, or laziness. Antiquated and often more lax requirements imposed on established polluters can provide an economic advantage to existing polluters and serve as a barrier to entry by new competitors. Even entities such as public interest nonprofits, despite their ostensible watchdog roles, may fail to reexamine old regulatory choices, due to limited resources or a focus on newer challenges in the public limelight.
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