THE LIMITS OF REGULATORY REFORM IN THE EU

Frank Vibert

Economic Affairs, 2006, vol. 26, issue 2, 17-21

Abstract: The regulatory impact assessment (RIA) may seem like a good mechanism for holding EU regulators to account as it requires them to compute costs and benefits of regulations before implementing them. However, it is too easy to use the RIAs to justify preconceived opinions. To achieve deregulation in the EU it is necessary to have a commitment to liberal markets and the concept of regulatory competition.

Date: 2006
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