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Impact Analysis

Markets operate within institutional frameworks, parts of which are formed by regulations that aim to achieve social objectives or remedy market failures. But there are many ways to do so. As a result, governments should clearly define policy targets and ensure that they are cost effective at achieving these objectives. A more elaborate approach would also include a thorough assessment of the costs and benefits to be expected.

All these efforts should ultimately establish a "culture of evaluation" in Europe, all the more indispensible because the European project has brought on an extra layer of regulatory complexity.

In this context, regulatory impact analysis (RIA) aims to conduct thorough and non-partisan assessments of the extent to which regulations achieve their objectives, the costs and distortions they create and how they compare to alternative regulatory instruments or frameworks.

Publications/papers

Some links on Regulatory Impact Analysis:

Research

Government Sites

European Union: Better Regulation

Germany:

France:

Ireland

United Kingdom

 

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