ECPR

Install the app

Install this application on your home screen for quick and easy access when you’re on the go.

Just tap Share then “Add to Home Screen”

ISBN:
9781907301452 9781910259696
Type:
Paperback
ePub
Publication Date: 1 July 2013
Page Extent: 240
Series: Monographs
Buy Paperback from AmazonBuy EPUB from Google

Economic Knowledge in Regulation

The Use of Expertise by Independent Agencies

By Lorna S Schrefler

It is conventional to argue that the autonomy and reputation of independent regulatory agencies (IRAs) depend on their expertise. Yet, studies on how IRAs create and deploy their knowledge capacity are few and far apart.

By addressing the underexplored question of the role of economics in regulatory policy making, this book fills a gap in two different strands of literature: on IRAs and on knowledge utilisation respectively. Only a few authors have taken a somewhat comparable approach (eg McGarity 1991, Morgenstern 1997, Jennings and Hall 2011), but their work focuses on US regulators. Conversely, little has been written on their European counterparts.

This book also proposes an innovative solution to operationalise hypotheses on the role of expertise in policy making, and makes this contribution particularly relevant for recent debates on evidence-based policy making. Finally, it takes a close look at specific regulatory decisions by one of the oldest and most authoritative regulators.

In this enlightening work, Lorna Schrefler explores an often neglected aspect of regulatory governance: the way independent regulatory agencies use expertise, and in particular economic analysis, to formulate their decisions. Rooted in the literature on knowledge utilisation, this work concludes that agencies increasingly use knowledge in an instrumental way. Schrefler’s research also contributes to a more complete understanding of the conditions under which regulatory agencies perform their role within the public policy landscape. A must-read for all scholars and experts in the public governance field. -- Andrea Renda, Centre for European Policy Studies

In this exciting book, Lorna Schrefler fills a critical gap in the literature on regulation and governance by providing an original framework to conceptualise and assess the uses of economic knowledge in the regulatory process. Her in-depth study of decision-making in Ofcom also makes a major empirical contribution to the field, which is of great interest to those engaged in regulatory studies, public policy and public administration. -- Martino Maggetti, University of Zürich

Lorna S Schrefler is Research Fellow and Head of Regulatory Policy at the Brussels-based Centre for European Policy Studies (CEPS). She also collaborates with the Department of Politics at the University of Exeter and is a visiting researcher at the Institut d'Etudes Européennes of the Université Libre de Bruxelles. Lorna co-authored several impact assessments and policy evaluations on European legal and economic issues for the European Parliament and the European Commission. She is among the external experts of the Single Market Observatory of the European Economic and Social Committee. Lorna holds a PhD in Politics from the Centre for European Governance, University of Exeter. Her research interests include better/smart regulation, (regulatory) impact assessment, the use of expertise in policy-making, independent regulatory agencies, the regulation of electronic communications in the EU, the EU Internal Market. She has published in Governance, and in Regulation and Governance.

The ECPR may receive a commission from the Amazon Services LLC Associates Program or the Google eBooks™ Affiliate Program for qualifying purchases made through the product links on our website.