Understanding Regulation: Theory, Strategy, and Practice

Paperback | November 3, 2011

byRobert Baldwin, Martin Cave, Martin Lodge

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Regulation is a key concern of industries, consumers, citizens, and governments alike. Building on the success of the first edition, Understanding Regulation, Second Edition provides the reader with an introduction to key debates and discussions in the field of regulation from a number ofdisciplinary perspectives, looking towards law, economics, business, political science, sociology, and social administration. The book has been extensively revised and updated to take into account the significant developments and events of the past decade. Containing several new chapters, it has been completely restructured into seven parts, covering: the fundamental issues regarding regulation; different types ofregulatory strategies; rules and enforcement; quality and evaluation; regulation at different levels of government; network issues; and concluding thoughts.Drawing on cross-sectoral and cross-national examples, this book reviews the central questions of regulation, and reflects upon those contentious issues that affect the design and operation of regulatory institutions. Amongst other topics, it discusses 'better regulation', enforcement,self-regulation, risk regulation, cost-benefit analysis, and more utility regulation-oriented topics, such as price-setting. It will be an essential resource for academics, researchers, and graduates across the social sciences studying regulation.

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Regulation is a key concern of industries, consumers, citizens, and governments alike. Building on the success of the first edition, Understanding Regulation, Second Edition provides the reader with an introduction to key debates and discussions in the field of regulation from a number ofdisciplinary perspectives, looking towards law,...

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 Rot...

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Format:PaperbackDimensions:568 pages, 9.21 × 6.14 × 0.68 inPublished:November 3, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199576092

ISBN - 13:9780199576098

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Table of Contents

1. IntroductionPart I: Fundamentals2. Why Regulate?3. What is 'Good' Regulation?4. Explaining Regulation5. Regulatory Failure6. Regulating RisksPart II: Strategies7. Regulatory Strategies8. Self-regulation, Meta Regulation, and Regulatory Mixes9. Franchising10. Emissions TradingPart III: Rules and Enforcement11. Enforcing Regulation12. Responsive Regulation13. Risk Based Regulation14. Standards and PrinciplesPart IV: Quality and Evaluation15. Cost-Benefit Analysis and Regulatory Impact Assessment16. Accountability, Procedures, and Fairness17. Regulatory Competition and CoordinationPart V: Regulation at Different Levels of Government18. Multi-Level Regulation19. Regulation and the European Union20. Regulation and Development21. Global and International RegulationPart VI: Network Issues22. Regulating Prices in Natural Monopolies23. Using Competition in Network Industries24. Contestability and Separation in Network Industries25. Implementing Price Controls26. Efficiency and Innovation in Network IndustriesPart VII: Conclusions27. Conclusions

Editorial Reviews

"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 d 14/07/2000