A practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavorable regulation arbitrage opportunities may be accomplished by a. Regulatory competition, also called competitive governance or policy competition, is a phenomenon in law, economics and politics concerning the desire of law makers. The increasing integration and competition of financial institutions and of financial regulation both the real and the financial sides of the world economy became. 1 introductionthere are two important dimensions of regulatory 1 competition when multiple decision-making bodies are involved the first dimension concerns the. Fieldfisher's brussels offices competition and eu regulatory practice. This free podcast describes the concepts of self-interest and competition in a market economy regulation the discussion of.
The events of september 11 have had some of their worst economic effects on the airline industry, leading to a dramatic fall-off in passenger demand and substantially. Is regulatory competition the future for european integration, simon deakin 74 this paper takes a closer look at the institutional features of regu. Heinonline -- 52 emory lj 1353 2003 regulatory globalization as a response to regulatory competition jonathan r macey introduction in this article, i identify the. Journal of international economic law (2000) 215-217 regulatory competition in focus daniel c esty one of the central issues in recent regulatory reform debates. You are here home blog debunking the 'race to the bottom' theory of regulatory competition debunking the 'race to the bottom' theory of regulatory competition.
2 get a sense of how international regulatory competition will play out over time to obtain a longer time horizon, we also focus our attention on regulatory. The governance of competition on global markets is an open policy question (lack of international competition policy) in this paper, it is analyzed to what ext.
City, university of london's centre for competition and regulatory policy, ccrp, is a research oriented centre in the department of economics that brings together. Is regulatory competition a problem or irrelevant for corporate governance roberta romano yale law school, nber and ecgi march 27, 2005 abstract. The sherman act exemption of the sovereign action of a state that replaces competition with regulation if the state actively supervises the anti-competitive conduct. ‘barbara gabor’s masterful overview of regulatory competition issues as they relate to the european union is a must read political scientists, economists, and.
Rpc advises on uk, eu and hong kong competition law, including merger control, antitrust issues such as compliance and investigations, and competition litigation. And he wasn’t even in the insurance business government modernizers, until recently, seemed ready to inject a modicum of regulatory competition into an industry.
Consults on the appeals frameworks for regulatory and competition decisions. Regulatory competition and economic integration addresses one of the hottest policy questions on both sides of the atlantic: at what level of government should. This article develops an empirical model of firms’ choice of corporate laws under inertia delaware dominates the incorporation market, though recently nevada. The structure of regulatory competition corporations and public policies in a global economy dale d murphy international economic law series interdisciplinary.
Local knowledge, global impact the inside track on competition law and regulatory change take a trial. 1 environmental regulatory competition: a status report and some new evidence whether environmental regulations are better set centrally or locally is a subject of debate. Chapter 16 learn with flashcards, games, and more — for free. Regulatory law barristers at 6 pump court are leading experts in the areas of regulatory law, including consumer law, environment, health and safety and. There is a longstanding debate in corporate law and governance over the merit of competition for corporate laws “race to the top” scholars point to the fact that. This chapter develops a framework for stylizing the iterative process of regulatory competition, and illuminates its emergence from five elements of the regulatory.