TY  - JOUR
PY  - 2011//
TI  - Welfare enhancing regulation exemptions
JO  - International review of law and economics
A1  - Mungan, Murat C.
SP  - 249
EP  - 255
VL  - 31
IS  - 4
N2  - Sanctions for regulation violations are used to deter conduct which could potentially result in great social harms. This practice over-deters low-risk entities and under-deters high-risk entities, which leads to social losses. This paper analyzes whether and how such social losses can be mitigated. I show that this can be achieved by allowing regulatees to purchase passes exempting them from regulations at appropriate prices, although they remain liable for any harm they cause.<p /> 
LA  - 
SN  - 0144-8188
UR  - http://dx.doi.org/10.1016/j.irle.2011.06.002
ID  - ref1
ER  -