Regulatory failure is much talked about, but little understood. Discussions about regulatory failure are often discussions about different understandings of what can be expected of regulatory governance and public regulation. The rhetoric of regulatory failure (typically a blame game) easily (and often) overshadows its analytical explanation.
To assist executives, managers and frontline workers in regulatory organisations and units to make more sense of (discussions about) regulatory failure, the Chair in Regulatory Practice at the Victoria University of Wellington has carried out a systematic review of the international academic literature on regulatory failure. The literature review is structured according to four broad perspectives on regulation: public interest theory, public choice theory, private interest theory, and institutional theories.
The review is available as open access publication:
van der Heijden, Jeroen (2022). Regulatory failure: A review of the international academic literature. State of the Art in Regulatory Governance Research Paper – 2022.11. Wellington: Victoria University of Wellington/Government Regulatory Practice Initiative.