CRE Regulatory Recommendations to the Incoming Administration: Implement A Blueprint for Regulatory Equilibrium

Editor’s Note:  CRE, as is the case with many other organizations, is routinely asked by transition teams associated with incoming Administrations to provide a list of high priority regulatory proposals.  In response to incoming and expected additional requests we have delineated below, designated either as underway or planned,  the items we believe should be accorded the highest priority prior to embarking on other  initiatives.

 The Executive:  Actions Completed

Arming the President; rebalancing the regulators

Establishment of Centralized Regulatory Review

Establishment of the Office of Information and Regulatory Affairs

Publication of the Unified Agenda

Administration of the Data Quality Act

Management of Federal Databases

Enhancement of OIRA

The Congress: Action Underway

Arming  the Congress

Implementation of a Regulatory Budget

The Courts: Actions Planned

Rebalancing  the Courts

De Novo Review of the APA

Bumpers Amendment

The Public: Action Underway

Arming the Public

Developing a National Constituency for OIRA



Background Information

Seven Game Changers


Regulatory Equilibrium is the state in which both the proponents and opponents  of regulation are present in concentrations which have no further tendency to change with time and leads to a maximization of social welfare.*

*CRE is focusing  its attention only on that subset of a large  number of legislative and administrative proposals which are most effective in dealing with  the regulatory state as  measured by their contribution to regulatory equilibrium. We have concluded that the implementation of a regulatory budget is one such mechanism. The aforementioned definition of regulatory equilibrium (above, CRE March 2016) is substantiated in part by the general theory of Competitive Regulatory Equilibrium by Goodman and Porter.

Gayer Regulatory Equilibrium  Listokin  | Posner | Peltzman | Becker | Public Choice | Shughart

Nash Equilbrium @ 19     regulatory-equilbrium-levi

See the application of differential game theory to institutional conflict.


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