“Omri Ben-Shahar and Carl E Schneider’s book, More Than You Wanted to Know: The Failure of Mandated Disclosure (Princeton, 2014), canvasses a wide variety of disclosures and concludes that as a policy, mandated disclosure is a spectacular failure. Businesses spend resources drafting disclosures that consumers fail to read. Furthermore, these ubiquitous disclosures may end up harming consumers by providing a protective shield around businesses. Ben-Shahar and Schneider explain why consumers fail to read, why politicians prefer it as a regulatory scheme, and why they believe that efforts to fix disclosure are destined to fail …” (more)
[Nancy Kim, ContractsProf Blog, 22 September]
First posted 2014-09-22 16:06:13
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