Based on cross-national and cross-sectoral case studies, the revised and updated second edition of this seminal and successful text provides a multi-disciplinary introduction to key debates in regulation, including fundamental and institutional strategies and issues surrounding the design and operation of regulatory institutions.

• 1: Introduction


• Part I: Fundamentals


• 2: Why Regulate?


• 3: What is 'Good' Regulation?


• 4: Explaining Regulation


• 5: Regulatory Failure


• 6: Regulating Risks


• Part II: Strategies


• 7: Regulatory Strategies


• 8: Self-regulation, Meta Regulation, and Regulatory Mixes


• 9: Franchising


• 10: Emissions Trading


• Part III: Rules and Enforcement


• 11: Enforcing Regulation


• 12: Responsive Regulation


• 13: Risk Based Regulation


• 14: Standards and Principles


• Part IV: Quality and Evaluation


• 15: Cost-Benefit Analysis and Regulatory Impact Assessment


• 16: Accountability, Procedures, and Fairness


• 17: Regulatory Competition and Coordination


• Part V: Regulation at Different Levels of Government


• 18: Multi-Level Regulation


• 19: Regulation and the European Union


• 20: Regulation and Development


• 21: Global and International Regulation


• Part VI: Network Issues


• 22: Regulating Prices in Natural Monopolies


• 23: Using Competition in Network Industries


• 24: Contestability and Separation in Network Industries


• 25: Implementing Price Controls


• 26: Efficiency and Innovation in Network Industries


• Part VII: Conclusions


• 27: Conclusions

Robert Baldwin is a Professor of Law at the LSE 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 LSE Short Course on Regulation.
Martin Cave is a Visiting Professor at the Imperial College Business School. 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 Ofcom, OFWAT, the Office of Fair Trading, international institutions such as the European Commission and the OECD, and governments in several countries.
Martin Lodge is Reader in Political Science and Public Policy at the LSE. His research and teaching interests are in the comparative study of Executive Government and Regulation.