Regulatory Theories and Frameworks
Regulatory theories and frameworks offer different perspectives on how public and private actors and mechanisms regulate or influence firm and individual behaviour. This chapter canvasses some benefits and challenges of five such theories or frameworks. First is risk-based regulation in which the regulator uses systematised decision making to prioritise regulatory activities and deploy resources based on an assessment of risks to the regulator�s objectives. Second is a relative of risk-based...[Show more]
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