Mad Cows and Japanese Consumers
Australian Product Liability Reporter, Vol. 14, No. 9, pp. 125-136, 2003
12 Pages Posted: 8 Nov 2005
This article compares the outbreak of mad cow disease (BSE) in Japan in 2001, and the regulatory response. It argues that such problems of growing scientific uncertainty amidst heightened safety expectations is best addressed by bilateral or regional solutions. By contrast, regulation primarily at the national level tends to lead to regulatory capture, while regulation at truly transnational levels (such as the WTO) encounters more problems in both enforcement and legitimacy.
Keywords: Product liability, regulated industries, enforcement of law
JEL Classification: K13, K23, K42
Suggested Citation: Suggested Citation