Chapter

Models of Economic and Social Regulation

Tony Prosser

in The Regulatory State

Published in print December 2010 | ISBN: 9780199593170
Published online January 2011 | e-ISBN: 9780191595660 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199593170.003.0003
Models of Economic and Social Regulation

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This chapter describes different models of regulation that underlie regulatory reform, and suggests that the UK has characteristically adopted an unduly narrow model of regulation as a whole. In many areas the regulatory design has been successful, and regulatory agencies are well-established in economic life. There are also a large number of agencies for social regulation, and these have been less studied. Indeed, there may now be an argument that economic and social regulation are coming together through the influence of challenges such as climate change. This often involves collaboration between agencies and government; thus the concept of regulatory independence needs clarification and a clearer allocation of responsibilities made.

Keywords: UK law; regulatory reform; regulation; regulatory interdependence; regulatory design

Chapter.  8287 words. 

Subjects: Constitutional and Administrative Law

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