1 Introduction: Two Visions of Regulation and Four Regulatory Models Regulation has entered both political and academic debate in a way almost
unimaginable a couple of decades ago; indeed it is convincingly claimed that we
now have a ...
Author: Tony Prosser
Publisher: Oxford University Press, USA
ISBN: 9780199579839
Category: Law
Page: 243
View: 746
The use of regulation to control behaviour is a defining feature of modern government, penetrating a wide range of social and economic life. This book offers a detailed study of how regulation works in practice, its legal framework, and the arguments surrounding its economic and social impact
Author: Christopher James CastanedaPublish On: 1993-01-01
NINETEEN FIFTY-FOUR marked the end of the major episode of natural gas
industry expansion from the Southwest to the Northeast and the beginning of a
new era of producer price regulation heralded by the Supreme Court's Phillips ...
Author: Christopher James Castaneda
Publisher: Ohio State University Press
ISBN: 9780814205907
Category: Gas industry
Page: 203
View: 809
"Christopher Castaneda's study of the construction of the pipelines that transported southwestern gas to the Northeast traces the ways in which the federal regulatory process fostered competitive growth in the natural gas industry." "In 1938, the Natural Gas Act granted the Federal Power Commission jurisdiction over the interstate transmission and sale of natural gas. The FPC used its new powers to guide, shape, and manage an intensely competitive period in the industry. As Castaneda shows, aggressive and politically astute entrepreneurs based in the Southwest took advantage of economic opportunity and a regulatory environment conducive to industry growth. They financed and built the nation's longest gas pipelines to connect the massive southwestern reserves with the major northern energy markets. The coal industry, which supplied the raw product for manufactured gas, and the railroad industry, which transported the coal, adamantly but unsuccessfully opposed the action and attempted to halt the introduction of natural gas into their northeastern markets. First, during the war years, emergency regulatory agencies directed the expansion of the industry into Appalachia. Then, in the ensuing peacetime, market forces prompted entrepreneurs to compete vigorously for regulatory approval to build pipelines to sell natural gas in the Northeast." "While previous studies have examined the development of the natural gas industry after 1954, when the Supreme Court's Phillips decision established the FPC as a regulator of price control rather than as a manager of industrial growth, Castaneda's is the first to examine this earlier entrepreneurial era. Based on exhaustive research in corporate records and government documents, Regulated Enterprise offers a case study of government-business relations during a period of rapid industrial expansion and suggests a new way of looking at federal regulation and competitive growth."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
( 3 ) After subsection ( 6 ) insert“ ( 6A ) Where the regulations make provision as
mentioned in subsection ( 6 ) ( a ) , they must( a ) include provision requiring the
CMA to consult the regulator concerned before making a decision that the CMA is
...
Author: Great Britain
Publisher: Stationery Office/Tso
ISBN: 0105424137
Category: Law
Page: 284
View: 927
Royal assent, 25 April 2013. An Act to make provision about the UK Green Investment Bank; to make provision about employment law; to establish and make provision about the Competition and Markets Authority and to abolish the Competition Commission and the Office of Fair Trading; to amend the Competition Act 1998 and the Enterprise Act 2002; to make provision for the reduction of legislative burdens; to make provision about copyright and rights in performances; to make provision about payments to company directors; to make provision about redress schemes relating to lettings agency work and property management work; to make provision about the supply of customer data; to make provision for the protection of essential supplies in cases of insolvency; to make provision about certain bodies established by Royal Charter; to amend section 9(5) of the Equality Act 2010. Explanatory notes to assist in the understanding of the Act are available separately (ISBN 9780105624134)
106 costs and costs allowable in rates, would only be appropriate if future rate
recovery of the regulatory asset is ... 71 for financial reporting purposes requires
that a rate- regulated enterprise's rates be designed to recover the specific ...
Author: D. R. Carmichael
Publisher: John Wiley & Sons
ISBN: 9780471456179
Category: Business & Economics
Page: 840
View: 671
The premier accounting reference, revised and expanded The Accountants' Handbook series has the longest tradition of any reference of providing comprehensive coverage of the field to both accounting professionals and professionals in other fields who need or desire quick, understandable, and thorough exposure to complex accounting-related subjects. Like its predecessors, the Tenth Edition is designed as a single reference source that provides answers to all reasonable questions on accounting and financial reporting asked by accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information. Written by nationally recognized accounting professionals, including partners in major public accounting firms, financial executives, financial analysts, and other relevant business professionals, the Handbook covers both financial accounting and reporting and industry specific accounting issues in separate volumes for easy reference. Its comprehensive content provides analysis on over 43 critical areas of accounting.
Commodity markets, providing an arena for price making forces to interact,
require a regulatory environment that encourages private enterprise. However,
government regulations that distort prices and resource allocation, or restrict the
ability ...
Author: Lowell D. Hill
Publisher: World Bank Publications
ISBN: 0821331159
Category: Business & Economics
Page: 45
View: 738
World Bank Technical Paper No. 266. Critiques both beneficial and detrimental government regulations that affect commodity markets in developing countries. Commodity markets require a regulatory environment that encourages private enterprise
productivity ( TFP ) and the rate of return on capital for the regulated enterprise .
In the framework of the variable cost function ( VCF ) approach , the regulated enterprise is producing an aggregate of services ( Y ) with three categories of
inputs ...
Author: Michael A. Crew
Publisher: Springer Science & Business Media
ISBN: 0792383672
Category: Business & Economics
Page: 182
View: 967
This volume brings together practitioners, regulators and economists to examine the important policy and regulatory issues facing the telecommunications and electricity industries. It reviews such topics as competitive entry, stranded costs, pricing and market mechanisms.
In this chapter I shall describe different models of regulation that underlie
regulatory reform, and suggest that in the UK we have ... 1 These arguments are
developed at greater length in T. Prosser, The Regulatory Enterprise (Oxford:
Oxford ...
Author: Dawn Oliver
Publisher: Oxford University Press, USA
ISBN: 9780199593170
Category: Law
Page: 337
View: 211
This collection of fifteen essays by leading experts in regulation is unique in its focus on the constitutional implications of recent regulatory developments in the UK, the EU, and the US. The chapters reflect current developments and crises which are significant in many areas of public policy, not only regulation. These include the development of governance in place of government in many policy areas, the emergence of networks of public and private actors, the credit crunch, techniques for countering climate change, the implications for fundamental rights of regulatory arrangements and the development of complex accountability mechanisms designed to promote policy objectives. Constitutional issues discussed in The Regulatory State include regulatory governance, models of economic and social regulation, non-parliamentary rule-making, the UK's devolution arrangements and regulation, the credit crisis, the rationing of common resources, regulation and fundamental rights, the European Competition Network, private law making and European integration, innovative regulator sanctions recently introduced in the UK, the auditing of regulatory reform, and parliamentary oversight and judicial review of regulators. The introductory chapter focuses on testing times for regulation, and the concluding chapter draws ten lessons from the substantive chapters, noting the importance of regulatory diversity, the complexity of networks and relations between regulatory actors and the executive, the new challenges to regulatory habits posed by climate change and the credit crisis, the wider economic and legal context in which regulation takes place and the accountability networks - including judicial review, parliamentary oversight and audit - within which regulation operates.
7 The Regulation of Insurance ANDREW MCGEE1 The regulation of insurance
business in the UK has a long history.2 At the present day no one seriously
doubts that insurance is a business which needs to be regulated.3 A
considerable ...
Author: David Milman
Publisher: Bloomsbury Publishing
ISBN: 9781847310910
Category: Law
Page: 368
View: 729
This book contains a series of studies of the regulation under English law of the range of business organisational structures available to entrepreneurs. It analyses the commonest of these structures,including limited companies (public and private), groups of companies, privatised enterprises, and partnerships, as well as the more specialised forms such as industrial and provident societies, banks, building societies, insurance companies, joint ventures, franchise agreements, limited partnerships and overseas companies. Set within the context of a period of considerable actual and proposed legal change, the contributions (from recognised authorities in their respective fields) analyse the broad regulatory structure adopted for each of the above business forms, outline the changing patterns of regulation and consider likely future developments. Several broad themes run through the work, including the relationship between the economic desirability of facilitating enterprise and the need to regulate against possible abuse; stakeholder protection; pursuit of risk management strategies and the implications of European harmonisation in the business sector.
The underlying causes of regulatory failure relate to objectives and information. If
the objectives of the government regulatory authorities and the regulated enterprise are identical, then the possibility of regulatory failure is removed. It is
this ...
point made by the regulator was that the generators typically set prices for around
80% of the time, which they achieve by making enough of their capacity
unavailable for generation, and then set the price at whatever level they wanted.
Author: Laxmi Narain
Publisher: S. Chand Publishing
ISBN: 9788121904926
Category: Law
Page: 432
View: 371
A number of public enterprise (PE) executives have long felt the need for a book which would provide necessary information and analysis of various dimensions of PE management and privatisation. The book provides at one place, a precise and authoritative account of the concept, policy, and analysis of major issues confronting PEs. Public ownership per se does not make PE performance sub-optimal. The operation of the Government system, of which PE is a sub-system, has not been conducive to performance. During the last six decades, inadequate political will and vested interests have come in the way of freeing PEs from excessive and throttling controls, and demoralising accountability. Not letting the managers manage with the freedom required in the liberalised and globalised set-up is the problem. The multifarious and complex managerial problems of PEs, which get compounded by faltering moves towards privatisation, cannot be wished away. These have been considered in the book at some length. The book, first published in 1980, continues to be a standard work on the subject. This latest edition has been revised by Dr. R.K.Mishra, Director, Institute of Public Enterprise,Hyderabad.
Author: Financial Accounting Standards BoardPublish On: 1982
lator may permit an enterprise to amortize purchased goodwill over a specified
period . In other cases , a regulator may direct an enterprise not to amortize
goodwill acquired in a business combination after October 30 , 1970 or to write
off that ...
regulation. and. the. structure. of. business. 'It is perhaps necessary to remark,
that the state may be the proprietor of canals or railways without itself working
them; and that they will almost always be better worked by means of a company,
...
Author: Martin Ricketts
Publisher: Edward Elgar Publishing
ISBN: 9781843767411
Category: Business & Economics
Page: 616
View: 442
This is a most enlightening book written in a most accessible style, with periodic in-depth treatment of theoretical propositions, using diagrams. Students studying a variety of economics and business related courses could find this book invaluable. David Gray, International Journal of Entrepreneurship and Innovation One of the most exciting developments in economics in recent decades has been the emergence of a coherent framework for understanding why organisations have different structures and attributes. There is no better way of learning about this fascinating literature on incomplete information and transaction costs than Martin Ricketts s accessible and authoritative book. Very highly recommended. J.H. Pencavel, Stanford University, US Martin Ricketts has succeeded in updating his book with the addition of a completely new section on the burning issue of privatisation policy in East and West, along with a very readable exposition of the new micro-foundation of property rights theory. It is a brilliantly lucid introduction into modern institutional economics, exemplified by the theory of the firm the best book of its kind on the market. Rudolf Richter, University of Saarland, Germany To own or not to own? To make or to buy? To franchise or to manage? To contract long or to contract short? To trust or not to trust? To license or not to license? These and other questions are the subject matter of this excellent introduction to the theory of economic organisation. This fully updated edition of Martin Ricketts s 1987 book includes: New developments in the property rights theory of the firm Further extended treatment of co-operative and mutual forms of enterprise Entirely new sections on transactions cost economics and public policy New chapters on the economics of privatisation and the regulation of natural monopoly . In addition, transaction cost, property rights and agency approaches are contrasted, and Austrian and evolutionary criticisms of standard theory are explored. The author applies these theories to a wide range of questions from the choice of piece rates or time rates in contracting to the debate on Anglo-American versus other varieties of capitalism . Public policy in the fields of regulation and privatisation is also considered using the same framework. Non-specialists will find this book to be an accessible introduction to the main theoretical approaches to economic organisation. Students and researchers specialising in the fields of economics and business will find that this third, updated edition of The Economics of Business Enterprise continues to provide stimulating insights suggestive of further research.
They extend a form of axiomatic costs beyond the break - even condition , to
consider regulation of enterprises that are explicitly to show net profits or be
subsidized . The regulated enterprise is to develop multiproduct prices through
axiomatic ...
Author: Roger Sherman
Publisher: Cambridge University Press
ISBN: 0521368626
Category: Business & Economics
Page: 315
View: 660
Dealing with the development of ideal policies when monopoly must be relied upon instead of competition, this book also attempts to explain why it will be difficult to induce monopolies to pursue such policies and to show what can be accomplished.
In the context of regulatory requirements, however, security means management
control over the asset landscape. These perceptions are complementary. The
idea is that the extent to which management controls assets is the extent to which
...
Author: Jennifer Bayuk
Publisher: ABC-CLIO
ISBN: 9780313376610
Category: Business & Economics
Page: 163
View: 142
A guide to security written for business executives to help them better lead security efforts. • Details 30 "security horror stories," giving executives an insider's look at real criminal and malicious breaches and how to prepare for them • Includes a case study that allows a readers to test their comprehension of the material
Author: Christian BüchelhoferPublish On: 2008-01-10
Given the gradual implementation of the reform, the share structure reform is
estimated to be completed by 2010.52 2.2.2 The regulatory framework of China's
stock markets As part of the reform process, China has written new commercial
and ...
Author: Christian Büchelhofer
Publisher: Springer Science & Business Media
ISBN: 3790820202
Category: Business & Economics
Page: 115
View: 369
This intriguing study sheds light on the efficiency of corporate control allocation in Chinese listed firms. Using a panel data set for the period 1996 to 2006, it examines the frequency, causes and consequences of changes in corporate control. The results indicate that poorly performing firms are the predominant targets of control changes. The findings provide insights into the motives and constraints of the key players involved in governance practices in China.
Chapter 7 Privatization and Public Enterprise Reform: The New Labour Agenda
for Public Management in the United ... The utility privatizations were
accompanied by the setting up of a new framework for economic regulation (see
Figure 7.1).
Author: ed. Farazmand
Publisher: Greenwood Publishing Group
ISBN: 0313306311
Category: Business & Economics
Page: 270
View: 738
This book explores the complex question, "Is privatisation a good public policy?"
JWBK531-c02 JWBK531-Chapman November 8, 2011 13:21 Printer: Yet to come
36 Simple Tools and Techniques for Enterprise Risk Management and regulation
of the securities markets is now contained in specific financial services ...
Author: Robert J. Chapman
Publisher: John Wiley & Sons
ISBN: 9781119990642
Category: Business & Economics
Page: 480
View: 797
Your business reputation can take years to build—and mere minutes to destroy The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage with your business vision for enterprise risk management. Trends affecting markets—events in the global financial markets, changing technologies, environmental priorities, dependency on intellectual property—all underline how important it is to keep up to speed on the latest financial risk management practices and procedures. This popular book on enterprise risk management has been expanded and updated to include new themes and current trends for today's risk practitioner. It features up-to-date materials on new threats, lessons from the recent financial crisis, and how businesses need to protect themselves in terms of business interruption, security, project and reputational risk management. Project risk management is now a mature discipline with an international standard for its implementation. This book reinforces that project risk management needs to be systematic, but also that it must be embedded to become part of an organization's DNA. This book promotes techniques that will help you implement a methodical and broad approach to risk management. The author is a well-known expert and boasts a wealth of experience in project and enterprise risk management Easy-to-navigate structure breaks down the risk management process into stages to aid implementation Examines the external influences that bring sources of business risk that are beyond your control Provides a handy chapter with tips for commissioning consultants for business risk management services It is a business imperative to have a clear vision for risk management. Simple Tools and Techniques for Enterprise Risk Management, Second Edition shows you the way.
Some have argued that informality is a rational response to inefficient regulation
and that informal firms in developing countries should be regarded as analogous
to the voluntary small enterprise sector in developed economies. Others have ...
Inter- ministerial co-ordination, private sector consultation and donor co-
ordination also needs to be further developed. Rule of Law and Regulatory
Environment In terms of the development of the rule of law and the regulatory
environment for ...
Author: OECD
Publisher: OECD Publishing
ISBN: 9789264011151
Category:
Page: 100
View: 939
The EPPA 2004 indicates that, since the completion of the previous EPPA report in March 2003, Serbia has made progress in implementing better policies for the SME sector. The overall picture is that of a gradual, but limited and uneven progress over ...
The availability of these tools renders it much more difficult to determine the risks
faced by the particular enterprise. Because the risks being taken by the enterprise are more difficult to monitor, and intrinsically less transparent, its
managers ...
Author: Eilís Ferran
Publisher: Cambridge University Press
ISBN: 9781107024595
Category: Law
Page: 391
View: 621
Provides an unrivalled understanding of major regulatory reforms that will profoundly affect the future of finance.
