Why merit reviews of regulatory decisions are a good thing to have

David Round

No 375301, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Regulators are not perfect. The decisions and processes can be in error - and such errors can have large social and economic costs. So there's a need for a mechanism that will correct these errors quickly. As David Round points out, the existence of a merit review process is the sine qua non of a socially optimal regulatory process.

Date: 2005-09-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ojs.victoria.ac.nz/crt/article/view/3753

Related works:
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:vuw:vuwcrt:375301

Access Statistics for this paper

More papers in Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation Contact information at EDIRC.
Bibliographic data for series maintained by Library Technology Services ().