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REMEDIES AND REGULATORY STRATEGIES THE LEVESON INQUIRY 12 OCTOBER 2011. Professor Robert Baldwin The London School of Economics and Political Science. STRATEGIES AND SMART REGULATION. THE DREAM FRAMEWORK. CRIMINAL LAW APPROACHES. CIVIL LAW APPROACHES. INDUSTRY SELF-REGULATION.
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REMEDIES AND REGULATORY STRATEGIES THE LEVESON INQUIRY 12 OCTOBER 2011 Professor Robert Baldwin The London School of Economics and Political Science
SPECIAL CHALLENGES • VERY HIGH INCENTIVES TO ILL-INTENTION • STRONG CULTURE AND RESISTANCE TO ‘ILLIBERAL’ REGULATION • VERY HIGH CAPACITY • VERY HIGH POWER TO CAPTURE AT THE HIGHEST LEVELS • DETECTION AND ENFORCEMENT • OWNERSHIP AND POWER ARE THE PRIMARY ISSUES
DESIGNING GOOD REGULATION AIMING FOR THE PERFECT DESIGN - BEST GUESSING - HOPING IT WORKS MODIFICATION - SENSIBLE ADJUSTMENTS OR - MOVING THE GOALPOSTS?