HKS Affiliated Authors
Frank Plumpton Ramsey Professor of Political Economy
Excerpt
Excerpt
The Trouble with Cases. Richard Zeckhauser, August 2009, Paper. "For several decades now a debate has raged about policy-making by litigation. Spurred by the way in which tobacco, environmental, and other litigation has functioned as an alternative form of regulation, the debate asks whether policy-making or regulation by litigation is more or less socially desirable than more traditional policy-making by ex ante rule-making by legislatures or administrative agencies. In this paper we step into this debate, but not to come down on one side or another, all things considered. Rather, we seek to show that any form of regulation that is..." Link