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Regulatory Choice for Alternative Modes of Regulation: How Context Matters
Author(s) -
SAURWEIN FLORIAN
Publication year - 2011
Publication title -
law and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.534
H-Index - 45
eISSN - 1467-9930
pISSN - 0265-8240
DOI - 10.1111/j.1467-9930.2011.00341.x
Subject(s) - context (archaeology) , corporate governance , regulatory reform , value (mathematics) , public economics , regulatory focus theory , business , economics , risk analysis (engineering) , industrial organization , computer science , biology , finance , management , market economy , paleontology , machine learning , task (project management)
The growing role of alternative modes of regulation (self‐ and co‐regulation) gives rise to major questions about regulatory choice between available governance mechanisms. Strategic policy instruments such as regulatory impact assessment guidelines (RIA) typically suggest assessing the suitability of alternative modes of regulation but they hardly specify assessment criteria. This article identifies contextual factors that should be included in any effort to predict when alternative regulatory arrangements are likely to emerge and to be effective. To demonstrate the value of the approach, it is applied to an analysis of self‐regulation in the domain of content‐rating in the audiovisual industry.