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Really responsive regulation

Author

Listed:
  • Baldwin, Robert
  • Black, Julia

Abstract

Really Responsive Regulation seeks to add to current theories of enforcement by stressing the case for regulators to be responsive not only to the attitude of the regulated firm but also to the operating and cognitive frameworks of firms; the institutional environment and performance of the regulatory regime; the different logics of regulatory tools and strategies; and to changes in each of these elements. The approach pervades all the different tasks of enforcement activity: detecting undesirable or non-compliant behaviour; developing tools and strategies for responding to that behaviour; enforcing those tools and strategies; assessing their success or failure; and modifying them accordingly. The value of the approach is shown by outlining its potential application to UK environmental and fisheries controls. Putting the system into effect is itself challenging but failing to regulate really responsively can constitute an expensive process of shooting in the dark.

Suggested Citation

  • Baldwin, Robert & Black, Julia, 2007. "Really responsive regulation," LSE Research Online Documents on Economics 23105, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:23105
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    File URL: http://eprints.lse.ac.uk/23105/
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    Citations

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    Cited by:

    1. Everson, Michelle, 2012. "A technology of expertise: EU financial services agencies," LSE Research Online Documents on Economics 53203, London School of Economics and Political Science, LSE Library.
    2. Stephen McKay, 2015. "Attitudes and Ethics: Evaluating Knowledge and Regulatory Constructs in Planning Enforcement Practice," European Planning Studies, Taylor & Francis Journals, vol. 23(3), pages 616-637, March.
    3. Steve Tombs & David Whyte, 2013. "Transcending the deregulation debate? Regulation, risk, and the enforcement of health and safety law in the UK," Regulation & Governance, John Wiley & Sons, vol. 7(1), pages 61-79, March.
    4. Michelle Everson, 2012. "A Technology of Expertise: EU Financial Services Agencies," LEQS – LSE 'Europe in Question' Discussion Paper Series 49, European Institute, LSE.
    5. Przemysław Brzuszczak, 2020. "Regulacja oparta na ryzyku jako refleksyjna strategia regulacyjna," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 139-151.
    6. Islam, Muhammad Azizul & McPhail, Ken, 2011. "Regulating for corporate human rights abuses: The emergence of corporate reporting on the ILO's human rights standards within the global garment manufacturing and retail industry," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 22(8), pages 790-810.
    7. Wald Nowotny, 2013. "The Economics of Financial Regulation," Chapters, in: Andreas Dombret & Otto Lucius (ed.), Stability of the Financial System, chapter 15, Edward Elgar Publishing.
    8. Carmen Arguedas, 2013. "Pollution standards, technology investment and fines for non-compliance," Journal of Regulatory Economics, Springer, vol. 44(2), pages 156-176, October.
    9. Cristie Ford, 2013. "Prospects for scalability: Relationships and uncertainty in responsive regulation," Regulation & Governance, John Wiley & Sons, vol. 7(1), pages 14-29, March.
    10. Philip James & David Walters & Helen Sampson & Emma Wadsworth, 2015. "Protecting workers through supply chains: Lessons from two construction case studies," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 36(4), pages 727-747, November.
    11. Aven, T. & Ylönen, M., 2016. "Safety regulations: Implications of the new risk perspectives," Reliability Engineering and System Safety, Elsevier, vol. 149(C), pages 164-171.

    More about this item

    Keywords

    regulation;

    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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