The DOI matches its Crossref record; 36 of the 36 references it cites were found in a registry or an index.
The Institutional Foundations of Regulatory Capitalism: The Diffusion of Independent Regulatory Agencies in Western Europe
Abstract
This article studies the diffusion of the main institutional feature of regulatory capitalism, namely, independent regulatory agencies. While only a few such authorities existed in Europe in the early 1980s, by the end of the twentieth century they had spread impressively across countries and sectors. The analysis finds that three classes of factors (bottom-up, top-down, and horizontal) explain this trend. First, the establishment of independent regulatory agencies was an attempt to improve credible commitment capacity when liberalizing and privatizing utilities and to alleviate the political uncertainty problem, namely, the risk to a government that its policies will be changed when it loses power. Second, Europeanization favored the creation of independent regulators. Third, individual decisions were interdependent, as governments were influenced by the decisions of others in an emulation process where the symbolic properties of independent regulators mattered more than the functions they performed.
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Cites
Institutionalized Organizations: Formal Structure as Myth and Ceremony
Meyer, J. W., & Rowan, B. (1977) · American Journal of Sociology · doi:10.1086/226550 · Cited by 28,308
DiMaggio, P. J., & Powell, W. W. (2004) · Advances in Strategic Management · doi:10.1016/s0742-3322(00)17011-1 · Cited by 25,802
The New Institutionalism in Organizational Analysis.
Andrews, A. O., Powell, W. W., & DiMaggio, P. J. (1993) · Administrative Science Quarterly · doi:10.2307/2393344 · Cited by 8,261
Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G. F., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,381
The new institutionalism in organizational analysis
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Veto Players: How Political Institutions Work
Tsebelis, G. (2002) · Princeton University Press eBooks · doi:10.1515/9781400831456 · Cited by 3,482
Veto Players. How Political Institutions Work
Giné, V. L., & Tsebelis, G. (2003) · Reis · doi:10.2307/40184562 · Cited by 3,359
The Globalization of Liberalization: Policy Diffusion in the International Political Economy
SIMMONS, B. A., & ELKINS, Z. (2004) · American Political Science Review · doi:10.1017/s0003055404001078 · Cited by 1,611
Majone, G. (1997) · Journal of Public Policy · doi:10.1017/s0143814x00003524 · Cited by 1,358
Cited by
The Global Diffusion of Public Policies: Social Construction, Coercion, Competition, or Learning?
Dobbin, F., Simmons, B., & Garrett, G. (2007) · Annual Review of Sociology · doi:10.1146/annurev.soc.33.090106.142507 · Cited by 1,379
Causes and conditions of cross-national policy convergence
Holzinger, K., & Knill, C. (2005) · Journal of European Public Policy · doi:10.1080/13501760500161357 · Cited by 666
Bottom‐Up Federalism: The Diffusion of Antismoking Policies from U.S. Cities to States
Shipan, C. R., & Volden, C. (2006) · American Journal of Political Science · doi:10.1111/j.1540-5907.2006.00218.x · Cited by 620
Introduction: Cross-national policy convergence: concepts, approaches and explanatory factors
Knill, C. (2005) · Journal of European Public Policy · doi:10.1080/13501760500161332 · Cited by 554
Policy Learning, Policy Diffusion, and the Making of a New Order
Meseguer, C. (2005) · The ANNALS of the American Academy of Political and Social Science · doi:10.1177/0002716204272372 · Cited by 386
Metadata
- Authors
- Gilardi, F.
- Venue
- The ANNALS of the American Academy of Political and Social Science
- Publisher
- SAGE Publications
- Published
- 2005-03
- Volume
- 598
- Issue
- 1
- Pages
- 84-101
- ISSN
- 0002-7162 (ISSN-L)
- 1552-3349
- OpenAlex
- W2134217065
- Cited by
- 431
- References
- 36
- FWCI
- 118.45
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
