Hardback : HK$807.00
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 of disciplinary 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 of regulatory 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.
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 of disciplinary 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 of regulatory 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.
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
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.
`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
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