Preventing Regulatory Capture
Special Interest Influence and How to Limit it
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Product details:
- Publisher Cambridge University Press
- Date of Publication 21 October 2013
- ISBN 9781107646704
- Binding Paperback
- No. of pages530 pages
- Size 226x150x33 mm
- Weight 700 g
- Language English
- Illustrations 18 b/w illus. 23 tables 0
Categories
Short description:
Leading scholars from across the social sciences present empirical evidence that the obstacle of regulatory capture is more surmountable than previously thought.
MoreLong description:
When regulations (or lack thereof) seem to detract from the common good, critics often point to regulatory capture as a culprit. In some academic and policy circles it seems to have assumed the status of an immutable law. Yet for all the ink spilled describing and decrying capture, the concept remains difficult to nail down in practice. Is capture truly as powerful and unpreventable as the informed consensus seems to suggest? This edited volume brings together seventeen scholars from across the social sciences to address this question. Their work shows that capture is often misdiagnosed and may in fact be preventable and manageable. Focusing on the goal of prevention, the volume advances a more rigorous and empirical standard for diagnosing and measuring capture, paving the way for new lines of academic inquiry and more precise and nuanced reform.
"This collection deftly sharpens our thinking about the nature of regulatory capture. It compiles the most multidimensional treatment we have of capture and the American regulatory state." - John Braithwaite, Australian National University
Table of Contents:
Introduction Daniel Carpenter and David Moss; Part I. Failures of Capture Scholarship: 1. A revisionist history of regulatory capture William Novak; 2. The concept of regulatory capture: a short, inglorious history Richard Posner; 3. Detecting and measuring capture Daniel Carpenter; Part II. New Conceptions of Capture - Mechanisms and Outcomes: 4. Cultural capture and the financial crisis James Kwak; 5. Complexity, capacity, and capture Nolan McCarty; 6. Preventing economists' capture Luigi Zingales; 7. Corrosive capture? The dueling forces of autonomy and industry influence in FDA pharmaceutical regulation Daniel Carpenter; Part III. Misdiagnosing Capture and Case Studies of Regulatory Success: 8. Capturing history: the case of the Federal Radio Commission in 1927 David Moss and Jonathan Lackow; 9. Conditional forbearance as an alternative to capture: evidence from coal mine safety regulation Sanford Gordon and Catherine Hafer; 10. Captured by disaster? Reinterpreting regulatory behavior in the shadow of the Gulf oil spill Christopher Carrigan; 11. Reconsidering agency capture during regulatory policymaking Susan Webb Yackee; 12. Coalitions, autonomy, and regulatory bargains in public health law Mariano-Florentino Cu&&&233;llar; Part IV. The Possibility of Preventing Capture: 13. Preventing capture through consumer empowerment programs: some evidence from insurance regulation Daniel Schwarcz; 14. Courts and regulatory capture M. Elizabeth Magill; 15. Can executive review help prevent capture? Richard Revesz and Michael Livermore; Conclusion David Moss and Daniel Carpenter; Afterword Sheldon Whitehouse and Jim Leach.
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