Rules vs. discretion: the wrong choice could open the floodgates

Jason J. Buol and Mark D. Vaughan

The Regional Economist, 2003, issue Jan, 10-11

Abstract: Anyone who sets any kind of policy can appreciate the dilemma that faces those trying to prevent construction in floodplains: Is it better to stick to the rules-no matter how harsh-or to exercise discretion under certain circumstances?

Keywords: Floods; Public policy; Natural disasters (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.stlouisfed.org/publications/regional-e ... -open-the-floodgates Full Text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlre:y:2003:i:jan:p:10-11

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in The Regional Economist from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().