Regulation is often thought of as an activity that restricts behaviour and prevents the occurrence of certain undesirable activities, but the influence of regulation can also be enabling or facilitative, as when a market could potentially be chaotic if uncontrolled. This Handbook provides a clear and authoritative discussion of the major trends and issues in regulation over the last thirty years, together with an outline of prospective developments. It brings together contributions from leading scholars from a range of disciplines and countries.
Each chapter offers a broad overview of key current issues and provides an analysis of different perspectives on those issues. Experiences in different jurisdictions and insights from various disciplines are drawn upon, and particular attention is paid to the challenges that are encountered when specific approaches are applied in practice. Contributors develop their own distinctive arguments relating to the central issues in regulation and apply scholarly rigour and clear writing to matters of high policy-relevance. The essays are original, accessible, and agenda-setting, and the Handbook will be essential reading both to students and researchers and to with regulatory and regulated professionals.
About the Author
Robert Baldwin is a Professor of Law at the London School of Economics and Political Science. He has published extensively on regulation, has wide consultative experience in regulation and is the Director of the LSE Short Course on Regulation.
Martin Cave is Visiting Professor at 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, international institutions, and governments.
Martin Lodge is Reader in Political Science and Public Policy at the London School of Economics and Political Science. His research and teaching interests are in the comparative study of Executive Government and Regulation.
Table of Contents
Part I: General Issues
1. Regulation: The Field and the Developing Agenda, Robert Baldwin, Martin Cave, and Martin Lodge
2. Economic Approaches to Regulation, Cento Veljanovski
3. Regulatory Rationales Beyond the Economic: In Search of the Public Interest, Mike Feintuck
4. The Regulatory State, Karen Yeung
Part II : Processes and Strategies
5. Strategic Use of Regulation, Cento Veljanovski
6. Standard-Setting in Regulatory Regimes, Colin Scott
7. Enforcement and Compliance Strategies, Neil Gunningham
8. Meta-Regulation and Self-Regulation, Cary Coglianese and Evan Mendelson
9. Self-Regulatory Authority, Markets, and the Ideology of Professionalism, Tanina Rostain
Part III: Contested Issues
10. Alternatives to Regulation? Market Mechanisms and the Environment, David Driesen
11. The Evaluation of Regulatory Agencies, Jon Stern
12. Better Regulation: the Search and the Struggle, Rob Baldwin
13. Regulatory Impact Assessment, Claudio Radaelli and Fabrizio de Francesco
14. The Role of Risk in Regulatory Processes, Julia Black
15. Accountability in the Regulatory State, Martin Lodge and Lindsay Stirton
16. On the Theory and Evidence on Regulation of Network Industries in Developing Countries, Antonio Estache and Liam Wren-Lewis
17. Global Regulation, Mathias Koenig-Archibugi
Part IV: Regulatory Domains
18. Financial Services and Markets, Niamh Moloney
19. Pricing in Network Industries, Janice Hauge and David Sappington
20. Regulation and Competition Law in Telecommunications and Other Network Industries, Peter Alexiadis and Martin Cave
21. Regulation of Cyberspace, Jurgen Feick and Raymund Werle
22. The Regulation of the Pharmaceutical Industry, Adrian Towse and Patricia Danzon
23. Regulation and Sustainable Energy Systems, Catherine Mitchell and Bridget Woodman
24. Regulation Inside Government: Retro-Theory Vindicated or Outdated?, Martin Lodge and Christopher Hood
Part V: Conclusion
25. Conclusion: The Future of Regulation, Robert Baldwin, Martin Cave, and Martin Lodge