Applying A Broader Behavioral, Regulatory And Political Economy Lens To The Error-Cost Minimization Framework Of Frank Easterbrook Prepared By Dr. Derek Ireland Economic Policy Consultant & Lecturer and Fellow

Abstract

The major purpose of this working paper is to apply a broader behavioral, regulatory and political economy lens to the error-cost minimization framework of Frank Easterbrook (1984) and his many colleagues and followers. Significant attention is directed at the implications of legal and regulatory authority errors for the contributions of regulated entities and other non-government actors to the public good of compliance with laws, regulations and social norms.