Abstract

http://ssrn.com/abstract=2258976
 


 



Regulating Low Risks: Innovative Strategies and Implementation


Robert Baldwin


London School of Economics (LSE) - Department of Law

Julia Black


London School of Economics - Law Department

Gerard O'Leary


Environmental Protection Agency (EPA), Ireland

May 1, 2013

LSE Legal Studies Working Paper No. 9/2013

Abstract:     
Risk-based regulation tends to direct concerns towards higher risks but low risks present a number of challenges for regulators. The latter have to justify the level of attention they pay to such risks; they have to deal with different kinds of low risks and they have to decide which tools to use to control lower risks. What regulators cannot do is ignore lower risks. This article describes how a strategic framework for regulating low risks was devised and it examines how academic research into strategies for low risks was translated into practical strategies for application in the field. A number of messages are to be drawn: the distinction between high and low risks is by no means unproblematic; traditional theories of risk-based regulation do not come fully to grips with lower risks; but it is possible to devise an organised method for choosing the intervention tools for lower risks and such a method can be implemented on the ground if used with judgement by experienced regulators.

Number of Pages in PDF File: 25

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Date posted: June 13, 2013  

Suggested Citation

Baldwin, Robert and Black, Julia and O'Leary, Gerard, Regulating Low Risks: Innovative Strategies and Implementation (May 1, 2013). LSE Legal Studies Working Paper No. 9/2013. Available at SSRN: http://ssrn.com/abstract=2258976 or http://dx.doi.org/10.2139/ssrn.2258976

Contact Information

Robert Baldwin (Contact Author)
London School of Economics (LSE) - Department of Law ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
44 0171 955 7258 (Phone)
Julia Black
London School of Economics - Law Department ( email )
Houghton Street
London WC2A 2AE, WC2A 2AE
United Kingdom
Gerard O'Leary
Environmental Protection Agency (EPA), Ireland ( email )
PO Box 3000
Johnstown Castle Estate
Wexford 053-916 0600
Ireland
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