Making Good Regulations

Author:

Boothe Paul1

Affiliation:

1. Lawrence National Centre for Policy and Management Ivey Business School, Western University London, Ontario

Abstract

This paper looks at the changing nature of regulation making with a special emphasis on the role that economists should play. It focuses specifically on the processes used to develop regulations. It argues that the traditional process for regulation making is breaking down and that the quality of regulation will decline if processes do not adapt to the changing environment. In addition to their traditional work of comparing regulatory instruments and calculating their benefits and costs, economists can play an important role by serving as strategists to help the public interest win in the strategic game of regulation making.

Publisher

University of Toronto Press Inc. (UTPress)

Subject

Public Administration,Sociology and Political Science

Reference6 articles.

1. Calleja, D. (2013). “Who’s Regulating the Regulators? Small Business Wants to Know.” Globe and Mail. 7 March. Available at: http://www.theglobeandmail.com/report-on-business/economy/canada-competes/whos-regulating-the-regulators-small-businesses-want-to-know/article9440935/?page=all.

2. George Stigler's Contribution to the Economic Analysis of Regulation

3. Toward a New Conception of the Environment-Competitiveness Relationship

4. Privy Council Office (2001). “Guide to Making Federal Acts and Regulations.” Accessed 14 June 2013: http://www.pco-bcp.gc.ca/index.asp?lang=eng&page=information&sub=publications&doc=legislation/part3-eng.htm.

5. What Can Regulators Regulate? The Case of Electricity

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