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Understanding Regulation: theory, strategy, and practice

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Robert Baldwin, Martin Cave and Martin Lodge
Oxford University Press (27 October 2011) Second Edition

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.

  • Robert Baldwin is professor of law at LSE
  • Martin Cave is BP Centennial Professor at LSE
  • Martin Lodge is a reader in political science and public policy at LSE.

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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

Understanding Regulation