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The Puzzle of Regulatory Competition

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  • RADAELLI, CLAUDIO M.

Abstract

Our understanding of international competition in regulatory policies has not progressed much because conventional theories lead to a bewildering range of conclusions. Empirical evidence has shown the limitations of simplistic models. Fresh work should overcome the obsession with ‘races’ and ‘final outcomes’ of conventional theoretical approaches and start modelling real-world mechanisms of regulatory competition. The first part of the article shows the limitations of conventional theories. The second introduces eight problems that explanations of international regulatory competition should address. It also discusses how the articles presented here contribute to the solution to problematic aspects of the puzzle. The conclusion reports results achieved in terms of key concepts of regulatory competition, sequences of cooperation and competition, the role of non-unitary actors in networked regulatory action, and why regulatory competition is still limited, both in the EU and in transatlantic relations.

Suggested Citation

  • Radaelli, Claudio M., 2004. "The Puzzle of Regulatory Competition," Journal of Public Policy, Cambridge University Press, vol. 24(1), pages 1-23, May.
    • Handle: RePEc:cup:jnlpup:v:24:y:2004:i:01:p:1-23_00
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    Citations

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    Cited by:

    1. Tanja Börzel, 2010. "European Governance: Negotiation and Competition in the Shadow of Hierarchy," Journal of Common Market Studies, Wiley Blackwell, vol. 48(2), pages 191-219, March.
    2. repec:bla:jcmkts:v:48:y:2010:i::p:191-219 is not listed on IDEAS
    3. Jean-Frédéric Morin & Richard E. Gold, 2014. "An Integrated Model of Legal Transplantation: The Diffusion of Intellectual Property Law in Developing Countries," ULB Institutional Repository 2013/149496, ULB -- Universite Libre de Bruxelles.
    4. repec:bla:jcmkts:v:46:y:2008:i::p:849-874 is not listed on IDEAS
    5. Bruce G. Carruthers & Naomi R. Lamoreaux, 2016. "Regulatory Races: The Effects of Jurisdictional Competition on Regulatory Standards," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 52-97, March.
    6. Jacint Jordana, 2005. "Book Review: Globalizing Regulatory Capitalism," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 184-190, March.
    7. Amit Sachdeva, 2010. "Regulatory competition in European company law," European Journal of Law and Economics, Springer, vol. 30(2), pages 137-170, October.
    8. Bogdanyuk, Evgeny (Богданюк, Евгений) & Kiyutsevskaya, Anna (Киюцевская, Анна) & Trunin, Pavel (Трунин, Павел) & Hudko, Elizaveta (Худько, Елизавета), 2017. "Analysis of the Evolution of Global Regulation in Separate Segments of Financial Markets [Анализ Эволюции Глобального Регулирования Отдельных Сегментов Финансовых Рынков]," Working Papers 031702, Russian Presidential Academy of National Economy and Public Administration.
    9. Alberto Asquer, 2009. "On the many Ways Europeanization Matters: The Implementation of the Water Reform in Italy (1994-2006)," CESifo Working Paper Series 2869, CESifo.
    10. Glenn Scheerlinck & Caroline Buts & Marc Cools & Genserik Reniers, 2020. "The impact of regulation on private security industry dynamics," European Journal of Law and Economics, Springer, vol. 50(2), pages 223-240, October.
    11. Thatcher, Mark, 2009. "Governing markets in Gulf States," LSE Research Online Documents on Economics 55279, London School of Economics and Political Science, LSE Library.
    12. Philipp Genschel & Achim Kemmerling & Eric Seils, 2011. "Accelerating Downhill: How the EU Shapes Corporate Tax Competition in the Single Market," Journal of Common Market Studies, Wiley Blackwell, vol. 49(3), pages 585-606, May.
    13. Claudio Radaelli and Samuele Dossi, 2011. "Four Funerals and a Party? The Political Repertoire of the Italian Radicals," EUI-RSCAS Working Papers 57, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    14. Alexandra Molitorisová & Ciarán Burke, 2023. "Farm to fork strategy: Animal welfare, EU trade policy, and public participation," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 881-910, June.
    15. Colin Scott, 2010. "Regulatory Governance and the Challenge of Constitutionalism," EUI-RSCAS Working Papers 7, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).

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