Understanding Regulation: Theory, Strategy, and Practice

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. Robert Baldwin, Professor of Law, the London School of Economics and Political Science;Martin Cave, BP Centennial Professor, London School of Economics and Political Science;Martin Lodge, Reader in Political Science and Public Policy, the London School of Economics and Political Science 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 Im