Public and Private Regulation: Mapping the Labyrinth

CEPS Working Document No. 370, October 2012

38 Pages Posted: 5 Oct 2012

See all articles by Fabrizio Cafaggi

Fabrizio Cafaggi

Independent

Andrea Renda

Centre for European Policy Studies (CEPS); College of Europe

Date Written: October 1, 2012

Abstract

Private governance is currently being evoked as a viable solution to many public policy goals, although the current track record of private regulatory schemes is mixed. Policy guidance documents around the world still require that policy-makers give priority to self- and co-regulation, with little or no additional guidance being given to policy-makers to devise when, and under what circumstances, these solutions can prove viable from a public policy perspective. With an array of examples from several policy fields, this paper approaches regulation as a public-private collaborative form and attempts to identify possible policy tools to be applied by public policy-makers to efficiently and effectively approach private governance as a solution, rather than a problem. We propose a six-step theoretical framework and argue that IA (impact assessment) techniques should: i) define an integrated framework including both the possibility that private regulation can be used as an alternative or as a complement to public legislation; ii) involve private parties in public IAs in order to define the best strategy or strategies that would ensure achievement of the regulatory objectives; and iii) contemplate the deployment of indicators related to governance and activities of the regulators and their ability to coordinate and solve disputes with other regulators.

Keywords: public regulation, private regulation, impact assessment, public legislation

Suggested Citation

Cafaggi, Fabrizio and Renda, Andrea, Public and Private Regulation: Mapping the Labyrinth (October 1, 2012). CEPS Working Document No. 370, October 2012. Available at SSRN: https://ssrn.com/abstract=2156875

Fabrizio Cafaggi (Contact Author)

Independent ( email )

No Address Available

Andrea Renda

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000
Belgium

HOME PAGE: http://www.ceps.be

College of Europe ( email )

Dijver 11
B-8000 Brugge, Oost Vlanderen 10000
Belgium

Register to save articles to
your library

Register

Paper statistics

Downloads
200
Abstract Views
822
rank
151,613
PlumX Metrics