11 October 2005

Regulation by Information

This EU website brought to mind a paper I read some years ago by Giandomenico Majone on Regulation by Information. The basic idea is that one of the tools that a regulatory agency has is providing information to the public on items that the regulated firms might try to obscure. Here are some examples.

How does this theory apply to the EU website? What regulatory objectives might the EU have in mind? Is this superior or inferior to price regulation?

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