The relationship between regulation and self-regulation: how can regulation be developed?

Chair Club Research Debate

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Author(s) Eric BROUSSEAU
Publication type GovReg Note

This note focuses on the way in which private initiative can work effectively with public action to develop regulation in the context of contemporary changes that are making the universes to be regulated more evolving and technically more complex.

The note emphasises that the effectiveness of the link between public regulation and self-regulation depends largely on the subject of regulation (technical interface, collective risks, sharing of resources, organisation of competition) and the different dimensions of the latter (design vs. implementation).

Emphasis is placed on the value of drawing on the expertise of private operators to propose regulatory solutions and on the legitimacy of public authorities in defining regulatory objectives. We emphasise the importance of collaborative approaches, both within the public sphere and between the public and private sectors, in order to implement flexible regulations adapted to waves of innovation and changes in public policy.

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