Definition
If regulation is often perceived as a tool to increase welfare, it is not infrequent that it leads to unintended consequences; examples are numerous. Regulatory impact assessment is a document, in theory, written before a contemplated regulation is adopted, assessing the probable consequences of the regulation for the economy. The type of consequences considered is often determined by the document creating the obligation to engage in regulatory impact assessment. The purpose of regulatory impact assessment is precisely to help political decision-makers to identify whether and how to regulate while also defining a conception of the public interest that could then be debated.
Introduction
If regulation is often perceived as a tool to increase welfare, it is not infrequent that it leads to unintended consequences; examples are numerous. After all, regulating in an evolving world of inherent complexity (and interdependence between economies) and uncertainty is not an easy task;...
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Lanneau, R. (2021). Regulatory Impact Assessment. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_649-2
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DOI: https://doi.org/10.1007/978-1-4614-7883-6_649-2
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Chapter history
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Latest
Regulatory Impact Assessment- Published:
- 08 June 2021
DOI: https://doi.org/10.1007/978-1-4614-7883-6_649-2
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Original
Regulatory Impact Assessment- Published:
- 15 November 2017
DOI: https://doi.org/10.1007/978-1-4614-7883-6_649-1