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Faculty Scholarship at Penn Law

Public Law and Legal Theory

Empirical research

2007

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Full-Text Articles in Law

Regulation And Regulatory Processes, Cary Coglianese, Robert Kagan Jun 2007

Regulation And Regulatory Processes, Cary Coglianese, Robert Kagan

Faculty Scholarship at Penn Law

Regulation of business activity is nearly as old as law itself. In the last century, though, the use of regulation by modern governments has grown markedly in both volume and significance, to the point where nearly every facet of today’s economy is subject to some form of regulation. When successful, regulation can deliver important benefits to society; however, regulation can also impose undue costs on the economy and, when designed or implemented poorly, fail to meet public needs at all. Given the importance of sound regulation to society, its study by scholars of law and social science is also ...