Government Regulatory Activity:
Justifications, Processes, Impacts, and Alternatives
PAD-77-34: Published: Jun 3, 1977. Publicly Released: Jun 3, 1977.
- Full Report:
The public, the business community, the Congress, and the President have expressed concern about the current state of Government regulatory activity.
Issues of concern in the current debate over Government regulation include: the continued appropriateness of some regulatory objectives; the ability of regulation to produce specific results; the alleged imposition of substantial economic costs on society; the effect of regulation on the distribution of income; the best administrative structure for regulation; and the range and feasibility of regulatory reform alternatives. A study of the actual effect of organization and process on regulatory activity would be useful in a Government evaluation of regulation. Thorough regulatory reform requires a complete review of regulation. The review process should be designed to determine the cause of regulatory failure, its extent, and the best reform alternatives. Reform alternatives include complete deregulation, partial deregulation, standards and alternatives, awarding monopoly franchises, subsidies, nationalization, and antitrust enforcement.
Recommendation for Executive Action
Comments: Please call 202/512-6100 for additional information.
Recommendation: The costs of regulation should be weighed against its benefits as well as the costs of alternatives. In an evaluation, both the organization and the nature of regulation must be considered.