Design Principles for Consumer Protection Legislation (Guest Blog Post)

by guest blogger Samuel Becher, Victoria University of Wellington, New Zealand [Eric’s note: I’m pleased to share this guest blog post from Prof. Samuel Becher, whose work has been mentioned on this blog before. This post is based on Prof. Becher’s new article, Unintended Consequences and the Design of Consumer Protection Legislation.] It is a common belief that progress is often achieved by transformative policies that significantly advance society in meaningful ways. But big bangs and overnight solutions are rare. Often, the devil is in the details, and the mundane merits more consideration. This may explain why consumer protection legislation – even when well-intended – frequently fails to provide the desired results and sometimes may be counterproductive. Consider, for instance, tax increases on beer, which are likely to reduce demand and consumption. However, while taxing beer reduced…

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