Understanding Regulation: Theory, Strategy, and Practice

The way in which regulation works is a key concern of industries, consumers, citizens, and governments alike. 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.

Robert Baldwin is a Professor of Law at the London School of Economics where he teaches Regulation, Public Law, and Criminal Law. He has previously taught at Edinburgh, Aberdeen, Oxford, and Brunel Universities and has acted as a consultant on regulation to such bodies as the Health and Safety Executive, the Commission of the European Community, the International Labour Organisation, and H. M. Treasury.

Martin Cave is Professor of Economics and Vice-Principal at Brunel University. Since 1984, he has conducted a variety of advisory and consultancy work for governments, international organizations and firms such as Monopolies and Mergers Commission, Office of Fair Trading, H. M. Treasury, OECD, and France Telecom.