Before the creation of the various health, safety, and environmental regulatory programs of the 1960s and 1970s, there already existed a number of legal mechanisms with the potential to stimulate proper risk management on the part of those who generate risk. These mechanisms commonly operated in a laissez faire fashion and, taken together, did provide some incentive for risk management—for example, to avoid future liability or other economic consequences. This risk-deterrent effect, however, was often ponderously slow and indirect.
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- Alternatives to Government Regulation for the Management of Technological Risks
Michael S. Baram
J. Raymond Miyares
- Springer US