Understanding regulation : theory, strategy, and practice

Bibliographic Information

Understanding regulation : theory, strategy, and practice

Robert Baldwin and Martin Cave

Oxford University Press, 1999

  • : hb
  • : pbk

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Note

Includes bibliography (p. [337]-357) and index

Description and Table of Contents

Volume

: hb ISBN 9780198774372

Description

The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. Understanding Regulation takes the reader through the central issues of regulation and discusses these from a number of disciplinary perspectives. This book is written by a lawyer and an economist, but looks also towards business, political science, sociology, social administration, anthropology, and other disciplines. The fundamental strategies, institutions, and explanations of regulation are reviewed and the means of identifying 'good' regulation are outlined. Individual chapters look at such topics as self-regulation, the regulation of risks, the cost-benefit testing of regulation, the importance of enforcement, and the challenge of regulating within Europe. The book's second part considers a series of issues of particular concern in modern utilities regulation, including the use of RPI-X price caps, the control of service quality, franchising techniques and ways of measuring regulatory performance. Questions of accountability and procedure are then examined and recent public debates on regulatory reform are reviewed. A central argument of Understanding Regulation is that regulation inevitably gives rise to political contention but that persons of different political persuasion can nevertheless converse sensibly on the search for better regulation.

Table of Contents

  • PART I: INTRODUCTION
  • PART II: FUNDAMENTALS
  • 2. Why Regulate?
  • 3. Explaining the Origins and Development of Regulation
  • 4. How to Regulate: strategies
  • 5. Who Regulates? Institutions and Structures
  • 6. What is 'Good' Regulation?
  • 7. Cost-Benefit Testing Regulation
  • 8. Enforcing Regulation
  • 9. Setting Standards
  • 10. Self-Regulation
  • 11. Regulating Risks
  • 12. Regulation in the European Context
  • 13. Regulatory Competition and Co-ordination
  • 14. British Utilities Regulation: the basic structure
  • PART III: PARTICULAR CONCERNS
  • 15. Price Setting in Natural Monopolies
  • 16. Regulation versus Competition
  • 17. Price Capping Mechanisms
  • 18. Measuring Efficiency: benchmarking and yardsticking
  • 19. Regulating Quality
  • 20. Franchising and its Limitations
  • 21. Accountability
  • 22. Fairness and Procedures
  • PART IV: CONCLUSIONS
Volume

: pbk ISBN 9780198774389

Description

The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. Understanding Regulation takes the reader through the central issues of regulation and discusses these from a number of disciplinary perspectives. This book is written by a lawyer and an economist, but looks also towards business, political science, sociology, social administration, anthropology, and other disciplines. The fundamental strategies, institutions, and explanations of regulation are reviewed and the means of identifying 'good' regulation are outlined. Individual chapters look at such topics as self-regulation, the regulation of risks, the cost-benefit testing of regulation, the importance of enforcement, and the challenge of regulating within Europe. The book's second part considers a series of issues of particular concern in modern utilities regulation, including the use of RPI-X price caps, the control of service quality, franchising techniques and ways of measuring regulatory performance. Questions of accountability and procedure are then examined and recent public debates on regulatory reform are reviewed. A central argument of Understanding Regulation is that regulation inevitably gives rise to political contention but that persons of different political persuasion can nevertheless converse sensibly on the search for better regulation.

Table of Contents

  • PART I: INTRODUCTION
  • 1. Introduction
  • PART II: FUNDAMENTALS
  • 2. Why Regulate?
  • 3. Explaining the Origins and Development of Regulation
  • 4. How to Regulate: strategies
  • 5. Who Regulates? Institutions and Structures
  • 6. What is 'Good' Regulation?
  • 7. Cost-Benefit Testing Regulation
  • 8. Enforcing Regulation
  • 9. Setting Standards
  • 10. Self-Regulation
  • 11. Regulating Risks
  • 12. Regulation in the European Context
  • 13. Regulatory Competition and Co-ordination
  • 14. British Utilities Regulation: the basic structure
  • PART III: PARTICULAR CONCERNS
  • 15. Price Setting in Natural Monopolies
  • 16. Regulation versus Competition
  • 17. Price Capping Mechanisms
  • 18. Measuring Efficiency: benchmarking and yardsticking
  • 19. Regulating Quality
  • 20. Franchising and its Limitations
  • 21. Accountability
  • 22. Fairness and Procedures
  • PART IV: CONCLUSIONS
  • 23. Conclusions

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