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2021 | OriginalPaper | Chapter

Sectoral Self-Regulation as Viable Tool

Author : Rolf H. Weber

Published in: Law and Economics of Regulation

Publisher: Springer International Publishing

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Abstract

Traditionally, regulatory theory analyses the strengths and weaknesses of the rule-making activities by governmental bodies. But during the last twenty years self-regulation has become a viable tool in many market sectors. This contribution shows that the self-regulation model could be further developed to an intertwined co-regulation approach; the merits are shown by using the example of developing a normative framework for the distributed ledger technology infrastructure.

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previous chapter Public Services as a Strategy of Regulation

next chapter Ethical Blind Spots & Regulatory Traps: On Distorted Regulatory Incentives, Behavioral Ethics & Legal Design

Weber (2017a), p. 253.

Weber (2012), pp. 10 et seq.

Weber (2014), pp. 22 et seqq.

For specific examples and concerned markets segments see the descriptions given by Tambini et al. (2008), pp. 28 et seqq., 190 et seqq., 210 et seqq.

Stigler (1971), pp. 3 et seqq.

Weber (2014), pp. 42 et seq.; Weber (2017a), p. 258.

Weber (2012), p. 11; Guzman and Meyer (2010), pp. 188 et seqq.

Abott and Snidal (2000), p. 429.

Hart (2012).

Foucault (2004).

Slaughter (2004), pp. 12 et seq., 262 et seq.

Teubner (1989), pp. 81 et seqq., 118 et seqq.

Berman (2007), pp. 1158 et seqq.

Weitzenboeck (2012), pp. 285 et seqq.

Weber (2014), p. 27.

Guzman and Meyer (2010), pp. 179 et seqq.

Weber (2012), p. 12; Gersen and Posner (2008), p. 589.

Meyer (2008), p. 897.

Weber (2014), p. 28.

Tambini et al. (2008), pp. 282–284.

Weber (2012), p. 13.

See above part 2 of this article.

Weber (2012), p. 12.

This idea already goes back to Black (1995), pp. 32 et seqq.

The term co-regulation was addressed for example by Hoffmann-Riem (2000) in relation to the media markets; for a detailed discussion see also Senn (2011), pp. 43, 139–148, 230.

For a more detailed description see Marsden et al. (2020), pp. 9 et seq.

Chart based on Marsden et al. (2020), p. 8.

Basic economic research has been done by Baldwin et al. (2012), pp. 27 et seqq.

OECD (2005); see also Weber (2017a), p. 255.

OECD (2004).

Weber (2017a), pp. 255 et seq.

Weber (2017b), p. 3.

Mougayar (2016), pp. 1 et seqq.

For an overview see Weber (2017b), p. 2.

See the general discussion in Weber (2020), pp. 287 et seq.

Information is available at: https://www.hyperledger.org/about.

Standards Australia, Blockchain & Electronic Distributed Ledger Technologies: New Field of Technical Activity, http://www.standards.org.au/OurOrganisation/Events/Documents/Block-chain%20NFTA%20Information%20Sheet.pdf.

ISO, Technical Committees, ISO/TC 307, Blockchain and Distributed Ledger Technologies, https://www.iso.org/committee/6266604.html.

For further details see Weber (2011), pp. 1 et seqq.

OECD (2020).

World Economic Forum (2019).

Weber (2020), pp. 285 et seqq.

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Title: Sectoral Self-Regulation as Viable Tool
Author: Rolf H. Weber
Publisher: Springer International Publishing
Book: Law and Economics of Regulation
Print ISBN: 978-3-030-70529-9

Electronic ISBN: 978-3-030-70530-5

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-70530-5_2