Meta-regulation

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Meta-regulation is a form of regulation that encourages self-regulation of firms. In contrast to traditional forms of regulation, where decisions concerning rules are decided by the regulator, meta-regulation has firms create their own rules while observing and monitoring those rules. The advantages of self-regulation are that devolved structures of regulation allow for greater learning in complex and uncertain environments. Firms with the potential for catastrophic failure such as finance, oil drilling, mining, manufacturing, etc. often desire effective regulation to prevent such failures because of cost and damaged public relations.

Meta-regulation is said to have the advantage of fostering norms of reflexivity among institutions, as they are forced to conscientiously consider optimal levels of regulation and elucidate the reasoning to regulators. In an ideal world of meta-regulation the motivations for both regulators and regulates become the same by diffusing the norms of safety and stability. Meta-regulation in practice has been critiqued as relying too heavily on notions of consensus and rationality (see Simon, 2017)

Sources on Meta-regulation: [1] [2] [3] [4]

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Egoism is a philosophy concerned with the role of the self, or ego, as the motivation and goal of one's own action. Different theories of egoism encompass a range of disparate ideas and can generally be categorized into descriptive or normative forms. That is, they may be interested in either describing that people do act in self-interest or prescribing that they should. Other definitions of egoism may instead emphasise action according to one's will rather than one's self-interest, and furthermore posit that this is a truer sense of egoism.

<span class="mw-page-title-main">Meta-ethics</span> Branch of ethics seeking to understand ethical properties

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Non-cognitivism is the meta-ethical view that ethical sentences do not express propositions and thus cannot be true or false. A noncognitivist denies the cognitivist claim that "moral judgments are capable of being objectively true, because they describe some feature of the world". If moral statements cannot be true, and if one cannot know something that is not true, noncognitivism implies that moral knowledge is impossible.

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Command and Control (CAC) regulation finds common usage in academic literature and beyond. The relationship between CAC and environmental policy is considered in this article, an area that demonstrates the application of this type of regulation. However, CAC is not limited to the environmental sector and encompasses a variety of different fields.

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References

  1. Cary Coglianese, Evan Mendelson. Meta-Regulation and Self-Regulation. https://ssrn.com/abstract=2002755
  2. Sharon Gilad. It runs in the family: Meta-regulation and its siblings. http://onlinelibrary.wiley.com/doi/10.1111/j.1748-5991.2010.01090.x/abstract
  3. FC Simon. Meta-regulation in practice: Beyond normative views of morality and rationality. https://www.routledge.com/Meta-Regulation-in-Practice-Beyond-Normative-Views-of-Morality-and-Rationality/Simon/p/book/9781138233720
  4. "Meta-regulation".