Regulatory Change and Optimal Transition Relief
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Regulatory Change and Optimal Transition Relief
Regulatory Change and Optimal Transition Relief
Cop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITION Regulatory Change and Optimal Transition ReliefN RELIEFRichard L. Rexes:' & Allison L. Westfall! Kong"Introduction.............................................................1582I.ACADEMIC Debate over Legal Transitions...............................1585A. Old View..........................................................1585B .Yew Hew.......... Regulatory Change and Optimal Transition Relief.................................................1587c.Qualifications of the New View..................................1591n.ANTICIPATING NEW Legal StRegulatory Change and Optimal Transition Relief
andards.....................................1594A.Performance Standards Versus Design Standards...................1597BRegulatory Delay...............Cop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITION Regulatory Change and Optimal Transition Relief......................1612III.The Inefficiency of Old Plants over Time............................1613IV.JOINT DETERMINATION OF Regulatory Standards and TransitionRelief...............................................................1615A.Example I ...JU............ ■................1618B.Example 2 Regulatory Change and Optimal Transition Relief.......................................................1619c Examples...................................... 1620D. Example 4..........................Regulatory Change and Optimal Transition Relief
...............................1620V.PUBLIC CHOICE Considerations........................................1621A. Public Choice Arguments Advanced in FaCop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITION Regulatory Change and Optimal Transition Relief.............1626ỮC3ÍI and Lawrence King Ptofcwor of Law, New York University School of Law" Law Ckrk to Judge Jed s. Rakoff, United Stare. Court for the Souiltctn District of New Yotk.2010-2011, and to Judge Robert A. Katansnn, United States Court of Appeals for the Second Circuit,2011-2012. BA, Cl Regulatory Change and Optimal Transition Reliefaremont McKenna College, 2007; J D. New York University Schoo) of Law, 2010.We are grateful ter the financial support of the Filomen D'Agostino and MaRegulatory Change and Optimal Transition Relief
x E. Greenberg Faculty Research Fund at NYU. For helpful written comments. we thank Oren Bar-GtlL Ryan Bubb. Oscar Chase. Richard Epstein. Barry FriedCop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITION Regulatory Change and Optimal Transition Reliefd Richard Stewart. We are also grateful to the participants at die NYU Faculty Workshop, the Harvard Law and Economics Seminar, and tile annual meeting of the American Law and Economics Association. Jonathan Grossman pccr.vded excellent research assistance. John Meixner. Nassim Nazemi. Lytsdsie Schm Regulatory Change and Optimal Transition Reliefalz. Devlin Su. Derek Wikstrom. and tile editors and staff of the Northwestern Umversữy Law Review provided insightful editorial suggestions.1581N o RRegulatory Change and Optimal Transition Relief
T H w E s T E R N Ư NI V E R s IT Y L A w R E VI E wc. Lobtn Ing Efforts tồ Extend Grandfathering Under the dean Air Act 1628 CONCLUSION.............Cop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITION Regulatory Change and Optimal Transition Reliefde actors that are negatively affected by the new regime with some form of transition relief. Foi example, when lawmakers decide to adopt more demanding pollution restrictions, should they grandfather existing plants so that these plants will (at least temporarily) be exempted from the new requireme Regulatory Change and Optimal Transition Reliefnts? Or should they require existing plants to immediately comply With the new regulations even if doing so would prove very costly? Every time enviroRegulatory Change and Optimal Transition Relief
nmental laws and regulations are made more stringent, one must determine how existing actors should be required to respond. The appropriate level of tCop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITION Regulatory Change and Optimal Transition Reliefeat of global warming, which is likely to lead to significant new- regulation, and the ongoing economic crisis, which will create pressure to reduce the burden of regulatory policies on private actors. Regulatory Change and Optimal Transition ReliefCop'.TisU X’H by XcrtỈTAMiMEx Vnr.wuty QÍ Lan Nzctfcrmtcrc Var.‘«cKly L«rr P-*VMV.Pnxitfi n u.i AVet 105. Xo. 4REGULATORY CHANGE AND OPTIMALTRANSITIONGọi ngay
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