Wed Oct 22 2014   
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Saul Levmore

QuantLaw: Saul Levmore on Regulating Internalities

Date: Monday, March 10
Time: 4-5 PM
Place: James E. Rogers College of Law, Room 168

 

Open to students and to the public

 

 

 


 

About the Lecture

Much health and safety regulation can be understood as the product of political coalitions between two groups. The first, consisting of persons with self-control issues, enlists the government as an intermediary. The second either expects to benefit from the success of the first, or anticipates gains from a tax imposed on the first group's behavior. A political entrepreneur might plausibly turn these groups' preferences into law. This public choice perspective on regulation provides a positive explanation of why it is more likely that a legal system will engage in some health and safety programs than in others. The important break from the conventional view of regulation, as something that either controls externalities or is imposed paternalistically, is in advancing the idea that the government is an intermediary deployed by those who want help. Internalities, associated with collective action problems or with time inconsistent preferences, deserve equal billing. The discussion considers smoking regulation and other health and safety regulation, and then contrasts these with anti-obesity efforts where private contracting is a more feasible means of controlling internalities, and where political coalitions are less likely.


Additional Information

For more information about this lecture contact Prof. Jane Bambauer

 

Information on Saul Levmore can be found at: http://www.law.uchicago.edu/faculty/levmore

 

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