The public management of risk: Separating ex ante and ex post monitors
David Martimort
- Fonction : Auteur
- PersonId : 1043577
- ORCID : 0000-0002-4185-8703
- IdRef : 070009635
Yolande Hiriart
- Fonction : Auteur
- PersonId : 1049670
Résumé
When a firm undertakes risky activities, the conflict between social and private incentives to implement safety care requires public intervention which can take the form of both monetary incentives and also ex ante or ex post monitoring, i.e., before or after an accident occurs. We delineate the optimal scope of monitoring depending on whether public monitors are benevolent or corruptible. We show that separating the ex ante and the ex post monitors increases the likelihood of ex post investigation, helps prevent capture and improves welfare.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
The public management of risk: Separating ex ante and ex post monitors
|
Résumé |
en
When a firm undertakes risky activities, the conflict between social and private incentives to implement safety care requires public intervention which can take the form of both monetary incentives and also ex ante or ex post monitoring, i.e., before or after an accident occurs. We delineate the optimal scope of monitoring depending on whether public monitors are benevolent or corruptible. We show that separating the ex ante and the ex post monitors increases the likelihood of ex post investigation, helps prevent capture and improves welfare.
|
Auteur(s) |
David Martimort
1, 2
, Yolande Hiriart
3
, Jérôme Pouyet
1, 2
1
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
3
CRESE -
Centre de REcherches sur les Stratégies Economiques (UR 3190)
( 106420 )
- IUT 30 Avenue de l'observatoire 25009 Besançon Cedex
- France
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Nom de la revue |
|
Audience |
Non spécifiée
|
Date de publication |
2010-12
|
Volume |
94
|
Page/Identifiant |
1008-1019
|
Numéro |
11-12
|
Public visé |
Scientifique
|
Sous-type de document pour les Articles |
Research article
|
Version du document |
version éditeur
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Voir aussi |
|
Indexation contrôlée |
|
Mots-clés |
en
Risk regulation, Monitoring, Capture, Integration and separation
|
DOI | 10.1016/j.jpubeco.2010.07.005 |
ProdINRA | 316719 |
UT key WOS | 000285173600018 |
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