Understanding Regulation

Description

Based on cross-national and cross-sectoral case studies, the revised and updated second edition of this seminal and successful text provides a multi-disciplinary introduction to key debates in regulation, including fundamental and institutional strategies and issues surrounding the design and operation of regulatory institutions.

• In-depth discussion of an area of public policy crucial to modern government
• Multi-disciplinary approach spanning Business, Law, Economics, and Politics
• Clear and concise introduction to key issues in regulation with applicability in multiple country contexts
• Deals with both the theories and practice of regulation

New to this edition

• New chapters and sections added to deal with emergent issues - risk-based regulation, principles-based regulation, multi-level regulation, and Regulatory Impact Assessment

About the Author(s)

Robert Baldwin, Professor of Law, the London School of Economics and Political Science, Martin Cave, Visiting Professor, Imperial College Business School, and Martin Lodge, Reader in Political Science and Public Policy, the London School of Economics and Political Science

Robert Baldwin is a Professor of Law at the LSE where he teaches Regulation and Criminal Law at undergraduate and graduate levels. He has published widely on regulation and has broad consultancy experience in regulation. His previous books include The Government of Risk (Oxford University Press, 2001 with Christopher Hood and Henry Rothstein). He is the Director of the LSE Short Course on Regulation.

Martin Cave is a Visiting Professor at the Imperial College Business School. He was a member of the U.K. Competition Commission from 1996-2002. He has authored numerous works on economic regulation, and has very extensive experience of advising regulatory agencies such as Ofcom, OFWAT, the Office of Fair Trading, international institutions such as the European Commission and the OECD, and governments in several countries.

Martin Lodge is Reader in Political Science and Public Policy at the LSE. His research and teaching interests are in the comparative study of Executive Government and Regulation.

Table of Contents

1:Introduction
Part I: Fundamentals
2:Why Regulate?
3:What is 'Good' Regulation?
4:Explaining Regulation
5:Regulatory Failure
6:Regulating Risks
Part II: Strategies
7:Regulatory Strategies
8:Self-regulation, Meta Regulation, and Regulatory Mixes
9:Franchising
10:Emissions Trading
Part III: Rules and Enforcement
11:Enforcing Regulation
12:Responsive Regulation
13:Risk Based Regulation
14:Standards and Principles
Part IV: Quality and Evaluation
15:Cost-Benefit Analysis and Regulatory Impact Assessment
16:Accountability, Procedures, and Fairness
17:Regulatory Competition and Coordination
Part V: Regulation at Different Levels of Government
18:Multi-Level Regulation
19:Regulation and the European Union
20:Regulation and Development
21:Global and International Regulation
Part VI: Network Issues
22:Regulating Prices in Natural Monopolies
23:Using Competition in Network Industries
24:Contestability and Separation in Network Industries
25:Implementing Price Controls
26:Efficiency and Innovation in Network Industries
Part VII: Conclusions
27:Conclusions

Reviews

Review from previous edition It is an excellently constructed work, and provides much food for thought for the times in which we live. - New Law Journal

The book is well researched and written with enough conviction to make a valuable contribution in developing our understanding of the choices regulation presents us with and the potential of new regulatory arrangements going forward. - Matthew Berry, Financial Adviser Careers Extra

Some of the material is very useful and not easily available in textbook form elsewhere ... a good way of catching up on the reforms in a variety of policy sectors and thinking in different disciplines. - Public Administration