Understanding Regulation: Theory Strategy, and Practice, 2nd Edition

Author: Robert Baldwin; Martin Cave; Martin Lodge
Publisher: Oxford University Press
ISBN: 9780199576098
Published In: October 2011
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents
Author
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In-depth discussion of an area of public policy crucial to modern government
Multi-disciplinary approach spanning Business, Law, Economics, and Politics
Clear and concise introduction to key issues in regulation with applicability in multiple country contexts
Deals with both the theories and practice of regulation
New to this edition

New chapters and sections added to deal with emergent issues - risk-based regulation, principles-based regulation, multi-level regulation, and Regulatory Impact Assessment
Regulation is a key concern of industries, consumers, citizens, and governments alike. Building on the success of the first edition, Understanding Regulation, Second Edition provides the reader with an introduction to key debates and discussions in the field of regulation from a number of disciplinary perspectives, looking towards law, economics, business, political science, sociology, and social administration.

The book has been extensively revised and updated to take into account the significant developments and events of the past decade. Containing several new chapters, it has been completely restructured into seven parts, covering: the fundamental issues regarding regulation; different types of regulatory strategies; rules and enforcement; quality and evaluation; regulation at different levels of government; network issues; and concluding thoughts.

Drawing on cross-sectoral and cross-national examples, this book reviews the central questions of regulation, and reflects upon those contentious issues that affect the design and operation of regulatory institutions. Amongst other topics, it discusses 'better regulation', enforcement, self-regulation, risk regulation, cost-benefit analysis, and more utility regulation-oriented topics, such as price-setting. It will be an essential resource for academics, researchers, and graduates across the social sciences studying regulation.

Readership: Academics and advanced students across the social sciences in law, economics, business, and politics who study regulatory issues; regulators, consultants, and regulated-industries staff; and those interested in this area of public policy.

1: Introduction
Part I: Fundamentals
2: Why Regulate?
3: What is 'Good' Regulation?
4: Explaining Regulation
5: Regulatory Failure
6: Regulating Risks
Part II: Strategies
7: Regulatory Strategies
8: Self-regulation, Meta Regulation, and Regulatory Mixes
9: Franchising
10: Emissions Trading
Part III: Rules and Enforcement
11: Enforcing Regulation
12: Responsive Regulation
13: Risk Based Regulation
14: Standards and Principles
Part IV: Quality and Evaluation
15: Cost-Benefit Analysis and Regulatory Impact Assessment
16: Accountability, Procedures, and Fairness
17: Regulatory Competition and Coordination
Part V: Regulation at Different Levels of Government
18: Multi-Level Regulation
19: Regulation and the European Union
20: Regulation and Development
21: Global and International Regulation
Part VI: Network Issues
22: Regulating Prices in Natural Monopolies
23: Using Competition in Network Industries
24: Contestability and Separation in Network Industries
25: Implementing Price Controls
26: Efficiency and Innovation in Network Industries
Part VII: Conclusions
27: Conclusions

Robert Baldwin, Professor of Law, the London School of Economics and Political Science, Martin Cave, Visiting Professor, Imperial College Business School, and Martin Lodge, Reader in Political Science and Public Policy, the London School of Economics and Political Science

Robert Baldwin is a Professor of Law at the LSE where he teaches Regulation and Criminal Law at undergraduate and graduate levels. He has published widely on regulation and has broad consultancy experience in regulation. His previous books include The Government of Risk (Oxford University Press, 2001 with Christopher Hood and Henry Rothstein). He is the Director of the LSE Short Course on Regulation.

Martin Cave is a Visiting Professor at the Imperial College Business School. He was a member of the U.K. Competition Commission from 1996-2002. He has authored numerous works on economic regulation, and has very extensive experience of advising regulatory agencies such as Ofcom, OFWAT, the Office of Fair Trading, international institutions such as the European Commission and the OECD, and governments in several countries.

Martin Lodge is Reader in Political Science and Public Policy at the LSE. His research and teaching interests are in the comparative study of Executive Government and Regulation.

Review(s) from previous edition

"It is an excellently constructed work, and provides much food for thought for the times in which we live. - New Law Journal

"The book is well researched and written with enough conviction to make a valuable contribution in developing our understanding of the choices regulation presents us with and the potential of new regulatory arrangements going forward." - Matthew Berry, Financial Adviser Careers Extra

"Some of the material is very useful and not easily available in textbook form elsewhere ... a good way of catching up on the reforms in a variety of policy sectors and thinking in different disciplines." - Public Administration