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Understanding RegulationTheory, Strategy, and Practice$
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Robert Baldwin, Martin Cave, and Martin Lodge

Print publication date: 2011

Print ISBN-13: 9780199576081

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199576081.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 04 July 2022

What is ‘Good’ Regulation?

What is ‘Good’ Regulation?

(p.25) 3 What is ‘Good’ Regulation?
Understanding Regulation

Robert Baldwin

Martin Cave

Martin Lodge

Oxford University Press

This chapter examines what makes a system of regulation good, acceptable, or in need of reform. It discusses five criteria for good regulation: whether the action or regime is supported by legislative authority; whether there is an appropriate scheme of accountability; whether procedures are fair, accessible, and open; whether the regulator is acting with sufficient expertise; and whether the action or regime is efficient. After explaining each of these criteria, the chapter turns to their role in assessing regulation. It also considers some of the challenges involved in the measurement of regulatory quality.

Keywords:   good regulation, legislative authority, accountability, expertise, regulatory quality

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