Understanding Regulation
Theory, Strategy, and Practice
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Product details:
- Edition number New ed
- Publisher Oxford University Press
- Date of Publication 27 May 1999
- ISBN 9780198774389
- Binding Paperback
- No. of pages384 pages
- Size 233x157x22 mm
- Weight 556 g
- Language English
- Illustrations figures, tables 0
Categories
Short description:
Understanding Regulation is an incisive and fascinating look at the contemporary business environment which delves into the many and varied issues surrounding regulation. Written by experts within the field, this book will appeal to all students and academics across the social sciences studying regulatory issues, and also to regulators, consultants and regulated-industries staff. This is an area of public policy central to modern government, through which the authors
expertly guide us from a number of disciplinary perspectives.
Long description:
The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. Understanding Regulation takes the reader through the central issues of regulation and discusses these from a number of disciplinary perspectives. This book is written by a lawyer and an economist, but looks also towards business, political science, sociology, social administration, anthropology, and other disciplines.
The fundamental strategies, institutions, and explanations of regulation are reviewed and the means of identifying `good' regulation are outlined. Individual chapters look at such topics as self-regulation, the regulation of risks, the cost-benefit testing of regulation, the importance of enforcement, and the challenge of regulating within Europe.
The book's second part considers a series of issues of particular concern in modern utilities regulation, including the use of RPI-X price caps, the control of service quality, franchising techniques and ways of measuring regulatory performance. Questions of accountability and procedure are then examined and recent public debates on regulatory reform are reviewed.
A central argument of Understanding Regulation is that regulation inevitably gives rise to political contention but that persons of different political persuasion can nevertheless converse sensibly on the search for better regulation.
It is an excellently constructed work, and provides much food for thought for the times in which we live.
Table of Contents:
Part I: Introduction
Introduction
Part II: Fundamentals
Why Regulate?
Explaining the Origins and Development of Regulation
How to Regulate: strategies
Who Regulates? Institutions and Structures
What is `Good' Regulation?
Cost-Benefit Testing Regulation
Enforcing Regulation
Setting Standards
Self-Regulation
Regulating Risks
Regulation in the European Context
Regulatory Competition and Co-ordination
British Utilities Regulation: the basic structure
Part III: Particular Concerns
Price Setting in Natural Monopolies
Regulation versus Competition
Price Capping Mechanisms
Measuring Efficiency: benchmarking and yardsticking
Regulating Quality
Franchising and its Limitations
Accountability
Fairness and Procedures
Part IV: Conclusions
Conclusions
