Publication of the week: Public and Private Regulation: Mapping the Labyrinth

Trying to revive this blog, I will try to create some categories that reappear every week, hopefully even on the same day, but I guess that will depend on my workload from week to week. Anyway, one category is the "publication of the week". Here, I plan to showcase books and articles that have caught my attention in the past week. Up first is Andrea Renda and Fabrizio Cafaggi's paper on public and private regulation, available for download here. I had the pleasure of attending two lectures Andrea gave at Stockholm University today and I was deeply impressed by his insights into the economics of competition law.

His paper deals with a slightly different, but related area; the question of if and how the state should regulate. In the words of the authors: "In this paper, we try to propose a theoretical framework that could guide public policymakers in assessing whether, and in what form, private regulation can prove the most appropriate form of policy intervention." It does thus not directly concern competition law enforcement, but can surely be related to it, as it can be questioned if private regulation could to a certain extend replace or compliment the enforcement of competition law carried out by competition authorities.