Organizing Regulatory Space
…under advanced capitalism is an activity
defined by the of powerful
organizations sharing public features,
although they may not be traditionally
defined as such:
Large firms have acquired the status of governing
◦ institutions due to their public functions: decisions
on investment, employment, output have important
implications on the allocation of resources!
No longer public-private dichotomy
Capture of regulators has no sense here.
It is the “range of regulatory issues subject to public
decision in a given community”.
Its boundaries are in turn the range of issues, which are
naturally unlimited but however constrained by
◦ Culture (legal, religious, customary)
◦ Availability of resources
◦ Standard procedures
The notion of “space” implies
insiders and outsiders: to understand regulation we have to
◦ analyse how organizations enter the RS and how they defend their
position within it
Interdependence btw organizations: prevalence of informal links,
◦ focus on the institutionalization of such links.
Why are rules and institutions copied?
Reg. is costly and demands resources: the organization
◦ controlling them will dominate the regulatory space.
Understanding when regulatory arrangements
were born is crucial to understand the outcome.
Models of regulation coming from powerful
countries are more likely to be copied:
UK: central banking
◦ US: emission standards.
Regulation occurs in a situation of crisis, but the
latter may come in different historical moments
Issues subject to RS are not given->issues
defined by the dominant organizations in
RS=by those possessing regulatory power.
Western market economies are very dynamic:
standards have to be modified very often.
Every innovation means: is it to be regulated
and by whom?
Regulatory issues are ideological
constructions: their recognition depends on
the dominant organizations.
+1 anno fa
I contenuti di questa pagina costituiscono rielaborazioni personali del Publisher Atreyu di informazioni apprese con la frequenza delle lezioni di Theories of Regulation e studio autonomo di eventuali libri di riferimento in preparazione dell'esame finale o della tesi. Non devono intendersi come materiale ufficiale dell'università Milano - Unimi o del prof Ammannati Laura.
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