Better Business Regulation in a Risk Society

1. Front Matter

   Pages i-viii

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2. Introduction

   • Alberto Alemanno, Frank den Butter, André Nijsen, Jacopo Torriti

   Pages 1-14

3. Social Risks and Business Regulation

   1. Front Matter

      Pages 15-15

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4. Social risks and business regulation

   1. Risk Governance: Concept and Application to Institutional Risk Management

      • Ortwin Renn, Andreas Klinke

      Pages 17-36

   2. Regulating the European Risk Society

      • Alberto Alemanno

      Pages 37-56

   3. The Prospects for Global Climate Change Reform After Copenhagen

      • Mulugeta Mengist Ayalew, Yacob Mulugetta

      Pages 57-81

   4. Eight Commandments for Securing Competitive Food Supply Chains in the European Union

      • Bernd van der Meulen, Harry Bremmers

      Pages 83-98

   5. The Costs of State Intervention in the Financial Sector

      • Wim Boonstra, Allard Bruinshoofd

      Pages 99-116

5. Preconditions for Better Business Regulation and International Coordination

   1. Front Matter

      Pages 117-117

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6. Preconditions for better business regulation and international coordination

   1. The Perspective of Public Sector Economics on Regulation: Transaction Costs and the Agency Model

      • Frank den Butter

      Pages 119-134

   2. Against the Tide? On the Development of Regulative Costs Over Time in Times of Crisis and Its Possible Impact on Economic Development

      • Kees van Paridon

      Pages 135-146

   3. Internal Pressures–External Safeguards: A Systemic Approach for Burden Reduction in the Netherlands

      • Jeroen van Bockel, Jaap Sleifer

      Pages 147-156

   4. Trust, the Pharmaceutical Industry and Regulators in the UK

      • Jennifer M. O’Connor, Jacopo Torriti

      Pages 157-172

   5. From Better to Best Regulation: Towards Competitiveness by Cross-Border Consistency

      • Jooske Marijke Vos

      Pages 173-191

   6. World Trade Organization and the Global Risks

      • Predrag Bjelić

      Pages 193-206

7. Theoretical and Measurement Issues Related to Better Business Regulation

   1. Front Matter

      Pages 207-207

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8. Theoretical and measurement issues related to better business

   1. Regulatory Policy at the Crossroads: Mapping an OECD Agenda for the Futures

      • Lorenzo Allio, Stéphane Jacobzone

      Pages 209-229

   2. SCM 2.0: An Argument for a Tailored Implementation

      • André Nijsen

      Pages 231-251

   3. A Tax Regulatory Laffer Curve

      • Saša Drezgić, Peter Pronk

      Pages 253-266

   4. Sunset Legislation: Theoretical Reflections and International Experiences

      • Sylvia Veit, Bastian Jantz

      Pages 267-282

The premise of this volume is that business regulations are expected to grow in the near future as a consequence of the emergence of a “(world) risk society.” Risks related to terrorism, climate change, and financial crises, for example, will penetrate all conditions of life. Increasingly, the decisions and actions of some bring about risks for many in this era of globalization. Controlling these risks implies managing the world through high-quality regulation, with a particular emphasis on businesses and financial institutions. Central to this approach is the argument that a major, if not the primary, aim of regulation is to internalize externalities, or in a broader context, to repair market failure. Such repair can only be accomplished when the costs are smaller than the welfare gains. Featuring contributions from researchers and policy analysts from the fields of economics, management, law, sociology, political science, and environmental policy, this book focuses on three major topics: • Social risks and business regulation • Preconditions for better business regulation • Theoretical issues related to better business regulation Collectively, the authors demonstrate that the easier it is for regulated businesses to comply at the lowest costs possible—without jeopardizing the related public goals—the greater the degree of compliance. When successful, the net result is a balance of individual and collective net benefits, and by further implication, sustainable business practice and economic growth.

• Business regulation
• Compliance
• Governance
• Public economics
• Public policy
• Regulation
• Regulatory Impact Assessment (RIA)
• Risk management
• Social risks
• Standard Cost Model (SCM)

• Jouy-en-Josas, France

  Alberto Alemanno

• Amsterdam, Netherlands

  Frank den Butter

• Schoonhoven, Netherlands

  André Nijsen

• Surrey, United Kingdom

  Jacopo Torriti

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