IDEAS home Printed from https://ideas.repec.org/a/sae/anname/v649y2013i1p35-51.html
   My bibliography  Save this article

Three Risks, One Solution? Exploring the Relationship between Risk and Regulation

Author

Listed:
  • Fiona Haines

Abstract

The risks at the heart of regulation are most often understood as unwanted by-products of an essentially productive endeavor. They are to be captured and managed through dedicated technical and bureaucratic effort, the preserve of those skilled in the assessment of probability and impact and accomplished in the design of effective—and efficient—regulatory strategies. Yet such a view seriously misunderstands the complexity of risk that regulation must address. When regulation is viewed from a social and organizational vantage point, risks of a more social and political character emerge. This article teases apart three fundamental ideal types of risk inherent in regulatory processes, only one of which (labeled as actuarial risk) is apprehensible from a scientific or bureaucratic frame of reference. Of equal importance are sociocultural and political risks, risks that cannot be relegated to a lesser priority by an understanding that labels their impact on regulation variously as unwarranted, irrational, or emotional.

Suggested Citation

  • Fiona Haines, 2013. "Three Risks, One Solution? Exploring the Relationship between Risk and Regulation," The ANNALS of the American Academy of Political and Social Science, , vol. 649(1), pages 35-51, September.
    • Handle: RePEc:sae:anname:v:649:y:2013:i:1:p:35-51
    DOI: 10.1177/0002716213490884
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0002716213490884
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0002716213490884?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stephen Smith & Joseph Swierzbinski, 2007. "Assessing the performance of the UK Emissions Trading Scheme," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 131-158, May.
    2. Alain Lipietz, 1988. "Accumulation, Crises, and Ways Out," International Journal of Political Economy, Taylor & Francis Journals, vol. 18(2), pages 10-43, June.
    3. Black, Julia, 2002. "Critical reflections on regulation," LSE Research Online Documents on Economics 35985, London School of Economics and Political Science, LSE Library.
    4. W. Kip Viscusi, 2009. "The devaluation of life," Regulation & Governance, John Wiley & Sons, vol. 3(2), pages 103-127, June.
    5. Carol A. Heimer, 2008. "Thinking about how to avoid thought: Deep norms, shallow rules, and the structure of attention," Regulation & Governance, John Wiley & Sons, vol. 2(1), pages 30-47, March.
    6. Evans, David A. & Kruger, Joseph A., 2006. "Taking up the Slack: Lessons from a Cap-and-Trade Program in Chicago," RFF Working Paper Series dp-06-36, Resources for the Future.
    7. Louise Wells Bedsworth & William E Kastenberg, 2002. "Science and uncertainty in environmental regulation: Insights from the evaluation of California's Smog Check program," Science and Public Policy, Oxford University Press, vol. 29(1), pages 13-24, February.
    8. Parker,Christine, 2002. "The Open Corporation," Cambridge Books, Cambridge University Press, number 9780521818902, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Simon Biggs & Irja Haapala, 2021. "Intergenerational Commensality: A Critical Discussion on Non-Familial Age Groups Eating Together," IJERPH, MDPI, vol. 18(15), pages 1-12, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kenneth Patrick Vincent O'Sullivan & Stephen Kinsella, 2013. "Financial and regulatory failure: The case of Ireland," Journal of Banking Regulation, Palgrave Macmillan, vol. 14(1), pages 1-15, January.
    2. King, Roger, 2006. "Analysing the higher education regulatory state," LSE Research Online Documents on Economics 36119, London School of Economics and Political Science, LSE Library.
    3. Gowthorp, Lisa & Greenhow, Annette & O’Brien, Danny, 2016. "An interdisciplinary approach in identifying the legitimate regulator of anti-doping in sport: The case of the Australian Football League," Sport Management Review, Elsevier, vol. 19(1), pages 48-60.
    4. Bärbel R. Dorbeck‐Jung & Mirjan J. Oude Vrielink & Jordy F. Gosselt & Joris J. Van Hoof & Menno D. T. De Jong, 2010. "Contested hybridization of regulation: Failure of the Dutch regulatory system to protect minors from harmful media," Regulation & Governance, John Wiley & Sons, vol. 4(2), pages 154-174, June.
    5. Mia Mahmudur Rahim, 2017. "Improving Social Responsibility in RMG Industries Through a New Governance Approach in Laws," Journal of Business Ethics, Springer, vol. 143(4), pages 807-826, July.
    6. Bridget M. Hutter & Clive J. Jones, 2007. "From government to governance: External influences on business risk management," Regulation & Governance, John Wiley & Sons, vol. 1(1), pages 27-45, March.
    7. Ian Loader & Adam White, 2017. "How can we better align private security with the public interest? Towards a civilizing model of regulation," Regulation & Governance, John Wiley & Sons, vol. 11(2), pages 166-184, June.
    8. David Neilson, 2021. "Beyond Regressive Nationalism and the Neoliberal Model of Development," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 17-34, March.
    9. Degirmenci, Tunahan & Yavuz, Hakan, 2024. "Environmental taxes, R&D expenditures and renewable energy consumption in EU countries: Are fiscal instruments effective in the expansion of clean energy?," Energy, Elsevier, vol. 299(C).
    10. Gollier, Christian, 2021. "The Welfare Cost of Vaccine Misallocation, Delays and Nationalism," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 12(2), pages 199-226, July.
    11. Oleh Pasko, 2018. "Theories of Regulation in the Context of Modern Practice of Accounting Regulation," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 37-46, June.
    12. Justo-Hanani, Ronit & Dayan, Tamar, 2014. "The role of the state in regulatory policy for nanomaterials risk: Analyzing the expansion of state-centric rulemaking in EU and US chemicals policies," Research Policy, Elsevier, vol. 43(1), pages 169-178.
    13. Minogue, Martin, 2005. "Apples and Oranges: Problems in the Analysis of Comparative Regulatory Governance," Centre on Regulation and Competition (CRC) Working papers 30589, University of Manchester, Institute for Development Policy and Management (IDPM).
    14. repec:hal:spmain:info:hdl:2441/5404 is not listed on IDEAS
    15. Lecuyer, Oskar & Quirion, Philippe, 2013. "Can uncertainty justify overlapping policy instruments to mitigate emissions?," Ecological Economics, Elsevier, vol. 93(C), pages 177-191.
    16. Haoran He & Yefeng Chen, 2021. "Auction mechanisms for allocating subsidies for carbon emissions reduction: an experimental investigation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(2), pages 387-430, August.
    17. Braithwaite, John, 2006. "Responsive regulation and developing economies," World Development, Elsevier, vol. 34(5), pages 884-898, May.
    18. Michiel A. Heldeweg, 2017. "Normative Alignment, Institutional Resilience and Shifts in Legal Governance of the Energy Transition," Sustainability, MDPI, vol. 9(7), pages 1-34, July.
    19. repec:spo:wpmain:info:hdl:2441/5404 is not listed on IDEAS
    20. Cheng, Kuo-Tai, 2013. "Governance mechanisms and regulation in the utilities: An investigation in a Taiwan sample," Utilities Policy, Elsevier, vol. 26(C), pages 17-22.
    21. Rob Imrie & Emma Street, 2009. "Risk, Regulation and the Practices of Architects," Urban Studies, Urban Studies Journal Limited, vol. 46(12), pages 2555-2576, November.
    22. Jodi L. Short & Michael W. Toffel & Andrea R. Hugill, 2016. "Code Contingencies: Designing Monitoring Regimes to Promote Improvement in Supply Chain Working Conditions," Harvard Business School Working Papers 17-001, Harvard Business School, revised Mar 2019.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:anname:v:649:y:2013:i:1:p:35-51. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.