Premium
THE LIMITS OF REGULATORY REFORM IN THE EU
Author(s) -
Vibert Frank
Publication year - 2006
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2006.00626.x
Subject(s) - deregulation , regulatory reform , competition (biology) , mechanism (biology) , competition policy , economics , industrial organization , business , public economics , regulatory competition , international economics , law and economics , market economy , european union , finance , corporate governance , ecology , philosophy , corporate law , epistemology , biology
The regulatory impact assessment (RIA) may seem like a good mechanism for holding EU regulators to account as it requires them to compute costs and benefits of regulations before implementing them. However, it is too easy to use the RIAs to justify preconceived opinions. To achieve deregulation in the EU it is necessary to have a commitment to liberal markets and the concept of regulatory competition.