Coping with Private Lobbies in Industrial and Product Safety Regulation: A Literature Survey

Julien Jacob () and Caroline Orset ()
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Julien Jacob: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Caroline Orset: UMR PSAE - Paris-Saclay Applied Economics - AgroParisTech - Université Paris-Saclay - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: This literature review sheds light on the role of marketing authorisations and liabilities in controlling industry lobby behaviour aimed at enhancing the lobbyists' private interest to the detriment of the public interest. We present two political tools available to public authorities, marketing authorisation and liabilities (civil and criminal) to regulate firms that market products that could be harmful to society. We draw on the economic literature and contributions that study how these policy tools can be used to achieve three main objectives: providing incentives for risk mitigation, fostering innovation and the acquisition of information on unclear risks, and avoiding collusion between public bodies and the companies being regulated. We conclude with a brief discussion of the areas that require more in-depth research on this topic.

Keywords: Industry risks; Information acquisition; Innovation; Liability rules; Lobby; Scientific uncertainty (search for similar items in EconPapers)
Date: 2022-11-23
New Economics Papers: this item is included in nep-agr, nep-env, nep-law, nep-pol and nep-reg
Note: View the original document on HAL open archive server: https://hal.science/hal-03966054v1
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Published in International Review of Environmental and Resource Economics, 2022, 16 (2), pp.171-227. ⟨10.1561/101.00000144⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03966054

DOI: 10.1561/101.00000144

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