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Vol 23 No 5 May/June 2018

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Drafting Commercial Agreements

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Understanding Regulation

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Robert BaldwinProfessor of Law, London School of Economics, Martin Cave

ISBN13: 9780198774372
ISBN: 0198774370
Published: March 2001
Publisher: Oxford University Press
Format: Hardback
Price: Out of print
Paperback edition out of print, ISBN13 9780198774389

The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. This book takes the reader through the central issues of regulation and discusses these from a number of disciplinary perspectives. It has been 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 second part of the book 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 public debates on regulatory reform are reviewed.

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PART II: FUNDAMENTALS; 2. Why Regulate?; 3. Explaining the Origins and Development of Regulation; 4. How to Regulate: strategies; 5. Who Regulates? Institutions and Structures; 6. What is 'Good' Regulation?; 7. Cost-Benefit Testing Regulation; 8. Enforcing Regulation; 9. Setting Standards; 10. Self-Regulation; 11. Regulating Risks; 12. Regulation in the European Context; 13. Regulatory Competition and Co-ordination; 14. British Utilities Regulation: the basic structure
PART III: PARTICULAR CONCERNS; 15. Price Setting in Natural Monopolies; 16. Regulation versus Competition; 17. Price Capping Mechanisms; 18. Measuring Efficiency: benchmarking and yardsticking; 19. Regulating Quality; 20. Franchising and its Limitations; 21. Accountability; 22. Fairness and Procedures