IDEAS home Printed from https://ideas.repec.org/h/eme/rlwezz/s0193-589520220000030010.html
   My bibliography  Save this book chapter

Legal Standards and Incomplete Monitoring

In: The Law and Economics of Privacy, Personal Data, Artificial Intelligence, and Incomplete Monitoring

Author

Listed:
  • David Hasen

Abstract

Regulators can adjust penalties to compensate for incomplete monitoring of regulated parties that are subject to legal rules, but compensating penalty adjustments often are unavailable when regulated parties are subject to legal standards. Incomplete monitoring consequently invites greater noncompliance under standards than under rules. This chapter develops a model that quantifies some of the specific tradeoffs that regulators face in designing standards regimes under incomplete monitoring. The model also considers the extent to which suboptimal compliance due to incomplete monitoring is likely to result in deadweight loss in different settings.

Suggested Citation

  • David Hasen, 2022. "Legal Standards and Incomplete Monitoring," Research in Law and Economics, in: The Law and Economics of Privacy, Personal Data, Artificial Intelligence, and Incomplete Monitoring, volume 30, pages 109-170, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rlwezz:s0193-589520220000030010
    DOI: 10.1108/S0193-589520220000030010
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0193-589520220000030010/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0193-589520220000030010/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S0193-589520220000030010
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0193-589520220000030010/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/S0193-589520220000030010?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Compliance; law and economics; deadweight loss; public finance; rules and standards; penalties; K23; K42;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

    Statistics

    Access and download statistics

    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:eme:rlwezz:s0193-589520220000030010. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Emerald Support (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.