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Understanding Regulation: Theory, Strategy, and Practice [Paperback]

Robert Baldwin , Martin Cave , Martin Lodge
5.0 out of 5 stars  See all reviews (2 customer reviews)
RRP: 35.00
Price: 31.45 & FREE Delivery in the UK. Details
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Book Description

13 Jan 2013 0199576092 978-0199576098 2
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.

Frequently Bought Together

Understanding Regulation: Theory, Strategy, and Practice + The Oxford Handbook of Regulation (Oxford Handbooks in Business and Management) + An Introduction to Law and Regulation: Text and Materials (Law in Context)
Price For All Three: 92.64

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Product details

  • Paperback: 568 pages
  • Publisher: OUP Oxford; 2 edition (13 Jan 2013)
  • Language: English
  • ISBN-10: 0199576092
  • ISBN-13: 978-0199576098
  • Product Dimensions: 23.1 x 15.5 x 2.8 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Bestsellers Rank: 141,137 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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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

About the Author

Robert Baldwin is a Professor of Law at the L.S.E. where he teaches Regulation and Criminal Law at undergraduate and graduate levels. He has published widely on regulation and has broad consultancy experience in regulation. His previous books include The Government of Risk (Oxford University Press, 2001 with Christopher Hood and Henry Rothstein). He is the Director of the L.S.E. Short Course on Regulation. Martin Cave is B.P. Centennial Professor at the London School of Economics and Political Science for 2010-11. He was a member of the U.K. Competition Commission from 1996-2002. He has authored numerous works on economic regulation, and has very extensive experience of advising regulatory agencies such as O.F.C.O.M., O.F.W.A.T., the Office of Fair Trading, international institutions such as the European Commission and the O.E.C.D., and governments in several countries. Martin Lodge is Reader in Political Science and Public Policy at the L.S.E.. His research and teaching interests are in the comparative study of Executive Government and Regulation.

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Most Helpful Customer Reviews
24 of 25 people found the following review helpful
5.0 out of 5 stars Comprehensive Introduction to Regulatory Issues 26 Sep 2001
Understanding Regulation was written as a course text for the MSc in Regulation at the London School of Economics. The majority of the book is written by Rob Baldwin, currently the MSc Regulation Programme Director with Martin Cave contributing towards the more 'economistic' chapters of the book. I have had no hesitation in using Understanding Regulation in my teaching, previously at the University of the West Indies, now at the London School of Economics.
The main strength of Understanding Regulation is its general comprehensiveness. This is suitable reading for someone who is not yet familiar with the literature on regulation. Baldwin and Cave have done well to achieve such a high level of discussion, while still managing to keep things simple enough for students and people new to the field. Exhaustive footnotes provide an excellent resource for those who wish to delve further. For this reason, Understanding Regulation is often the first text I pick up when I am working on some area of regulation on which I am rusty.
One minor criticism of Understanding Regulation is its UK centred approach. While only one chapter, Chapter 14 on British Utilities Regulation, goes into the details of regulation in the UK in any depth, the underlying assumptions are often UK-specific.
This is only a minor issue. It might easily have been remedied in two ways: First, a chapter dealing with regulation and national political administrative traditions would have been appropriate, especially given the recent literature that emphasises regulatory culture; Second, I would like to have seen a chapter on regulation in developing countries.
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5.0 out of 5 stars Very good book 4 Feb 2014
Format:Paperback|Verified Purchase
After I borrowed the first edition from the library, I decided to bought the second edition immediately. It is an excellent book for young researchers who are willing to know something about regulation. Introduction of each topic includes abundant cut-edging discussions, which helps me to grasp the whole picture as well as to get a long list of useful literature.
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