The Formal Independence of Regulators: A Comparison of 17 Countries and 7 Sectors
Data(s) |
2005
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Resumo |
This article seeks to explain the pattern of delegation to independent regulatory agencies in Western Europe. Two types of arguments are advanced to explain variations in the formal independence of regulators. Firstly, the need for governments to increase their credible commitment capacity may lead them to delegate regulation to an agency that is partly beyond their direct control. Secondly, delegation may be a response to the political uncertainty problem, which arises when governments are afraid of being replaced by another coalition with different preferences, which could decide to change existing policy choices. In addition, veto players may constitute a functional equivalent of delegation, since they influence policy stability and therefore tend to mitigate both the credibility and the political uncertainty problems. These arguments are consistent with the results of the empirical analysis of the formal independence of regulators in seventeen countries and seven sectors. |
Identificador |
http://serval.unil.ch/?id=serval:BIB_37671 isbn:1424-7755 isiid:000236936700007 doi:10.1002/j.1662-6370.2005.tb00374.x |
Idioma(s) |
en |
Fonte |
Swiss Political Science Review, vol. 11, no. 4, pp. 139-167 |
Palavras-Chave | #delegation; regulation; regulatory policy; independent regulatory agencies |
Tipo |
info:eu-repo/semantics/article article |