Nemo Omnibus Placet: Exzessive Regulierung und staatliche Willkür
This paper develops the hypothesis that the inclusion of multiple objectives into laws widens the discretionary powers of executive institutions. As the decision how to balance trade-offs is removed from the political to the executive sphere, policy making becomes less transparent and also less accountable. While including numerous objectives into law may serve as an acknowledgement to the various interests of a heterogeneous citizenry, the pursuit of conflicting objectives implies that public bureaucracies instead of parliaments are given powers to decide about trade-offs. We conjecture that a bureaucracy that has multiple objectives will be less accountable and, therefore, (i) use its instruments excessively and (ii) favor instruments that are effective in the short run, but may be harmful in the long run. We illustrate our hypotheses, analyzing (a) the increasing number of objectives enshrined in Germany's Energy Industry Law and (b) the conflict between the European Commission and the German Government about potential regulatory holidays for new infrastructure investment in telecommunications markets.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +49 211 81-15494
Fax: +49 211 81-15499
Web page: http://www.dice.hhu.de/en.htmlEmail:
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Knieps, Günter, 1999. "Zur Regulierung monopolistischer Bottlenecks," Discussion Papers 62, University of Freiburg, Institute for Transport Economics and Regional Policy.
- Dewenter, Ralf & Haucap, Justus, 2004. "Die Liberalisierung der Telekommunikationsbranche in Deutschland," Working Paper 27/2004, Helmut Schmidt University, Hamburg.
- Dewenter, Ralf & Haucap, Justus & Heimeshoff, Ulrich, 2007. "Regulatorische Risiken in Telekommunikationsmaerkten aus institutionenoekonomischer Perspektive," Working Paper 64/2007, Helmut Schmidt University, Hamburg.
- Haucap, Justus & Kühling, Jürgen, 2007. "Telekommunikationsregulierung: Brauchen wir noch mehr Zentralisierung?," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1998 - 2007), ZBW – German National Library of Economics / Leibniz Information Centre for Economics, vol. 87(10), pages 664-671.
- repec:cup:cbooks:9780521658713 is not listed on IDEAS
- repec:cup:cbooks:9780521591591 is not listed on IDEAS
- Panzar, John C., 1989. "Technological determinants of firm and industry structure," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 1, pages 3-59 Elsevier.
- Kenneth E. Train, 1991. "Optimal Regulation: The Economic Theory of Natural Monopoly," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200848, August.
When requesting a correction, please mention this item's handle: RePEc:zbw:diceop:27. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.