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European Regulation of Consumer Product Safety$
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Christopher Hodges

Print publication date: 2005

Print ISBN-13: 9780199282555

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780199282555.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 July 2021

Theoretical Aspects of Regulation

Theoretical Aspects of Regulation

(p.7) 1 Theoretical Aspects of Regulation
European Regulation of Consumer Product Safety

Christopher Hodges

Oxford University Press

A considerable amount of recent academic analysis exists on the theory of regulation in relation to markets and on the interests, roles, and interaction of the main actors, namely governments, regulators, industry, and consumers. These analyses have largely concentrated on the economic, political, and sociological aspects of regulation in general and in some particular markets. Indeed, regulation is well understood as an instrument of economic and industrial policy, acting especially through the mechanism of ensuring a competitive market. This study, however, is concerned with the issue of whether regulation promotes safety. Certain concepts from the existing theory of regulation can helpfully be adopted in the analysis of safety issues. What this book includes is not however, a summary or critique of theoretical writing on regulation but a selective overview of certain aspects that illuminate safety regulation.

Keywords:   theory of regulation, governments, regulators, industry, consumers

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