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Taming COVID-19 by Regulation: An Opportunity for Self-Reflection

Author

Listed:
  • Alemanno, Alberto

    (HEC Paris)

Abstract

"The COVID-19 outbreak offers a rich case study of government’s emergency response. As such, it is a test bed for risk research and regulatory theories in a world increasingly shaped by transboundary, uncertain manufactured and natural risks. This introductory essay to the special issue of the European Journal of Risk Regulation attempts at providing an initial analysis of the surprisingly uncoordinated, at times unscientific, response to an essentially foreseeable event like a novel coronavirus (nCoV) in a geopolitically shattered world. It warns that COVID-19 may go down in history as yet another major disaster occurrence with no learnings attached. Yet, as new transboundary disasters – from bioterrorism to climate change – loom on the horizon, neither the world nor risk regulation, as a discipline and practice of government, can hardly afford to let another crisis go wasted. "

Suggested Citation

  • Alemanno, Alberto, 2020. "Taming COVID-19 by Regulation: An Opportunity for Self-Reflection," HEC Research Papers Series 1373, HEC Paris.
    • Handle: RePEc:ebg:heccah:1373
    DOI: 10.2139/ssrn.3587328
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    More about this item

    Keywords

    Risk Regulation; COVID-19; EU law; Precautionary principle; Cost-benefit analysis; Emergency Regulation; Worst-case scenarios; Risk vs risk; Tradeoffs;
    All these keywords.

    JEL classification:

    • K30 - Law and Economics - - Other Substantive Areas of Law - - - General
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

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