Efficiency vs. Equity Concerns in Regulatory Sandboxes

Claude Crampes and Antonio Estache

No 2023-12, Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: The paper makes the case for a more systematic ex-ante assessment of the distribution of gains and losses from efficiency enhancing innovations that regulatory sandboxes are expected to test. It shows how a prior formal modelling of tests can inform the regulators on the possible need to control better upfront in the design of the sandbox for some otherwise underestimated but predictable distributional effects. Failing to do so is likely to lead to underestimate efficiency-equity trade-offs and other distributional issues, across stakeholders or within groups of stakeholders. Simple Industrial Organization models will often suffice to identify the potential issues at an early stage and allow better sandboxes designs and hence more reliable policy relevant results.

Keywords: Regulatory sandboxes; innovation; governance; anti-trust; regulation; efficiency; equity; quality standards. (search for similar items in EconPapers)
Pages: 28 p.
Date: 2023-08
New Economics Papers: this item is included in nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/3625 ... TACHE-efficiency.pdf Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Working Paper: Efficiency vs. equity concerns in regulatory sandboxes (2023)
Working Paper: Efficiency vs. equity concerns in regulatory sandboxes (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eca:wpaper:2013/362525

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/362525

Access Statistics for this paper

More papers in Working Papers ECARES from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().