Regulators around the world are attempting to reconcile the changing demands of 21st century economies with the insights two schools of thought, New Governance and Behavioural Economics, are offering. The common emerging theme, expressed by the UK and American administrations as well as in other...

At a time when policy makers want to change the behaviour of citizens to tackle a broad range of social problems, such as climate change, excessive drinking, obesity and crime, a promising new policy approach has appeared that seems capable of escaping the liberal reservations typically...

New governance has emerged as a school of thought focusing on the significance of institutional design and culture for effective and legitimate regulation. This chapter analyzes the field of new governance from a regulatory perspective and examines the ways in which governments can effectively...

This article analyzes the ways in which digital platforms such as Uber and Airbnb shape the costs of the three stages of pre-deal, deal-making, and post-deal: 1) search costs; 2) bargaining and decision costs; and 3) policing and enforcement costs. The article shows how platforms – based on...

This book review of MIT Economists Osterman, Kochan, Locke and Piore's Working in America: A Blueprint for the New Labor Market considers the inadequacies of current workplace structures and the challenges facing regulators of the new economy. The review explores the implications of Blueprint to...

This chapter for the Encyclopedia of Labor and Employment Law and Economics, discusses government regulation of the labor market in the 21st Century, with a particular emphasis on the need to maintain competitiveness in an era of globalization. The chapter first considers the 'race to the...

This symposium essay on William Novak’s new dazzling book New Democracy: The Creation of the Modern American State argues that while Novak’s revisionist history can liberates us from the constant uphill battle to justify a robust regulatory state which emphasizes substantive rights,...

The Corporate Social Responsibility (CSR) movement and Fair Trade systems have grown in the past decade, reflecting a belief that corporations operating at a global level must voluntarily assume the role of raising production and trade standards and that consumers should play a role in...