In his inaugural lecture, Niels Philipsen discusses the (potential) role
of private actors in the regulation of work-related risks, such as
industrial accidents and occupational diseases. Taking the economic
analysis of regulation as a starting point, Philipsen argues that a
'smart mix' of public and private regulation is needed for an optimal
prevention and compensation of work-related risks. The advantages and
disadvantages of various regulatory instruments are highlighted. In the
lecture's second part, economic theory is confronted with some of the
available empirical evidence. Do private actors really respond to shifts
in regulation according to the predictions made in the theoretical law
and economics literature? Philipsen addresses this question for three
distinct groups of private actors: employees, employers, and (liability)
insurers. On the basis of a quick-scan of the literature, Philipsen
concludes that there are still several unresolved questions concerning
the coping behaviour of these private actors. These conclusions take the
form of a research agenda, which emphasizes the importance of empirical
research. (Series: Erasmus Law Lectures, Vol. 43) [Subject: Labor Law,
Public International Law, Comparative Law]