The connection between the timing and the locus of a regulatory intervention should excite considerable interest in the study of ex
ante regulation. To illustrate this argument, we draw on the example of the precautionary principle. It emerges that timing is important when legislation is being drafted. However, time is not the only relevant variable in decision-making. When it is ripe for application, both temporal and locus-of-regulation considerations matter. For instance, a question that polic...
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