Watching the watchmaker: on regulating the social in lieu of the technical

John Downer

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper looks at the problem of expertise in regulation by examining the Federal Aviation Administration's (FAA) 'type-certification' process, through which they evaluate new designs of civil aircraft. It notes that the FAA delegate a large amount of this work to the manufacturers themselves, and discusses why they do this by invoking arguments from the sociology of science and technology. It suggests that - contrary to popular portrayal - regulators of 'high' technologies face an inevitable epistemic barrier when making technological assessments, which forces them to delegate technical questions to people with more tacit knowledge, and hence to 'regulate' at a distance by evaluating 'trust' rather than 'technology'. It then unravels some of the implications of this and its relation to our theories of regulation and 'regulatory capture'.

JEL-codes: H0 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2009-06
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:36538

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