Understanding Regulation: Theory, Strategy, and Practice

Understanding Regulation Takes The Reader Through The Central Issues Of Regulation And Discusses These From A Number Of Disciplinary Perspectives. The Fundamental Strategies, Institutions, And Explanations Of Regulation Are Reviewed And The Means Of Identifying Good Regulation Are Outlined. Why Regulate -- Explaining Regulation -- Regulatory Strategies -- Who Regulates? Institutions And Structures -- What Is 'good' Regulation? -- The Cost-benefit Testing Of Regulation -- Enforcing Regulation -- Setting Standards -- Self-regulation -- Regulating Risks -- Regulation In The European Context -- Regulatory Competition And Coordination -- British Utilities Regulation: The Basic Structure -- Price Setting In Natural Monopolies -- Regulation Versus Competition -- Price-capping Mechanisms -- Measuring Efficiency: Benchmarking, Yardsticking, And Performance -- Regulating Quality -- Franchising And Its Limitations -- Accountability -- Procedures And Fairness -- Conclusions. Robert Baldwin And Martin Cave. Includes Bibliographical References (p. [337]-357) And Index.