REGULATORY SYSTEMS DESIGN
| Autor: | D. M. Lamberton |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 1995 |
| Předmět: | |
| Zdroj: | Prometheus, Vol 13, Iss 2, Pp 184-190 (1995) |
| Druh dokumentu: | article |
| ISSN: | 1470-1030 0810-9028 |
| DOI: | 10.1080/08109029508631978 |
| Popis: | If the broad purpose of regulation is to replicate the results of a competitive market, we need to be clear what are those results. It is a reflection of the difficulty of that task that competition has been given so many labels, ranging from perfect to managed; and can relate to products, processes, locations, firms, nations, technologies and systems. Modelling in which the collection, processing and use of information is continuous is needed. This approach has to be carried into the design of regulatory systems. In particular, the information processes in which the regulator and firm participate must not be locked away in ‘black boxes’. Learning, knowing and having information are complex matters, giving rise to lock-in and diversity, and affecting key concepts like technology, information, cost and profit. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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