Policy Shock: Recalibrating Risk and Regulation after Oil Spills, Nuclear Accidents and Financial Crises

doi:10.1017/9781316492635

Policy Shock

Recalibrating Risk and Regulation after Oil Spills, Nuclear Accidents and Financial Crises

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Cited by 11
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Edited by Edward J. Balleisen, Duke University, North Carolina, Lori S. Bennear, Duke University, North Carolina, Kimberly D. Krawiec, Duke University, North Carolina, Jonathan B. Wiener, Duke University, North Carolina

Publisher:: Cambridge University Press
Online publication date:: October 2017
Print publication year:: 2017
Online ISBN:: 9781316492635
DOI:: https://doi.org/10.1017/9781316492635

Subjects:: Economics, Natural Resource and Environmental Economics, Politics and International Relations, Comparative Politics

30.99 (GBP)

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Policy Shock examines how policy-makers in industrialized democracies respond to major crises. After the immediate challenges of disaster management, crises often reveal new evidence or frame new normative perspectives that drive reforms designed to prevent future events of a similar magnitude. Such responses vary widely - from cosmetically masking inaction, to creating stronger incentive systems, requiring greater transparency, reorganizing government institutions and tightening regulatory standards. This book situates post-crisis regulatory policy-making through a set of conceptual essays written by leading scholars from economics, psychology and political science, which probe the latest thinking about risk analysis, risk perceptions, focusing events and narrative politics. It then presents ten historically-rich case studies that engage with crisis events in three policy domains: offshore oil, nuclear power and finance. It considers how governments can prepare to learn from crisis events - by creating standing expert investigative agencies to identify crisis causes and frame policy recommendations.

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Policy Shock

Recalibrating Risk and Regulation after Oil Spills, Nuclear Accidents and Financial Crises

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