More Than You Wanted to Know: The Failure of Mandated Disclosure

In "More Than You Wanted to Know," Omri Ben-Shahar and Carl E. Schneider analyze the most common, and least useful, form of regulation used today—"mandated disclosure." These are laws that require one party to a transaction to give the other information. The authors collected evidence about mandated disclosure across a wide range of areas and found little evidence that disclosu