- Title Pages
- Acknowledgements
- Preface to the Second Edition
- List of Figures
- List of Tables
- Abbreviations
- 1 Introduction
- 2 Why Regulate?
- 3 What is ‘Good’ Regulation?
- 4 Explaining Regulation
- 5 Regulatory Failure
- 6 Regulating Risks
- 7 Regulatory Strategies
- 8 Self-regulation, Meta-regulation, and Regulatory Networks
- 9 Franchising
- 10 Emissions Trading
- 11 Enforcing Regulation
- 12 Responsive Regulation
- 13 Risk-based Regulation
- 14 Standards and Principles
- 15 Cost-Benefit Analysis and Regulatory Impact Assessment
- 16 Accountability, Procedures, and Fairness
- 17 Regulatory Competition and Coordination
- 18 Multi-level Regulation
- 19 Regulation and the European Union
- 20 Regulation and Development
- 21 Global and International Regulation
- 22 Regulating Prices in Natural Monopolies
- 23 Using Competition in Network Industries
- 24 Separation and Contestability in Network Industries
- 25 Implementing Price Controls
- 26 Efficiency and Innovation in Network Industries
- 27 Conclusions
- Select Bibliography
- Index
What is ‘Good’ Regulation?
What is ‘Good’ Regulation?
- Chapter:
- (p.25) 3 What is ‘Good’ Regulation?
- Source:
- Understanding Regulation
- Author(s):
Robert Baldwin
Martin Cave
Martin Lodge
- Publisher:
- 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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- Title Pages
- Acknowledgements
- Preface to the Second Edition
- List of Figures
- List of Tables
- Abbreviations
- 1 Introduction
- 2 Why Regulate?
- 3 What is ‘Good’ Regulation?
- 4 Explaining Regulation
- 5 Regulatory Failure
- 6 Regulating Risks
- 7 Regulatory Strategies
- 8 Self-regulation, Meta-regulation, and Regulatory Networks
- 9 Franchising
- 10 Emissions Trading
- 11 Enforcing Regulation
- 12 Responsive Regulation
- 13 Risk-based Regulation
- 14 Standards and Principles
- 15 Cost-Benefit Analysis and Regulatory Impact Assessment
- 16 Accountability, Procedures, and Fairness
- 17 Regulatory Competition and Coordination
- 18 Multi-level Regulation
- 19 Regulation and the European Union
- 20 Regulation and Development
- 21 Global and International Regulation
- 22 Regulating Prices in Natural Monopolies
- 23 Using Competition in Network Industries
- 24 Separation and Contestability in Network Industries
- 25 Implementing Price Controls
- 26 Efficiency and Innovation in Network Industries
- 27 Conclusions
- Select Bibliography
- Index
