Regulation is a key concern of industries consumers citizens & governments alike Building on the success of the first edition Understanding Regulation Second Edition provides the reader with an introduction to key debates & discussions in the field of regulation from a number of disciplinary perspectives looking towards law economics business political science sociology & social administration The book has been extensively revised & updated to take into account the significant developments & events of the past decade Containing several new chapters it has been completely restructured into seven parts covering the fundamental issues regarding regulation; different types of regulatory strategies; rules & enforcement; quality & evaluation; regulation at different levels of government; network issues; & concluding thoughts Drawing on cross-sectoral & cross-national examples this book reviews the central questions of regulation & reflects upon those contentious issues that affect the design & operation of regulatory institutions Amongst other topics it discusses 'better regulation' enforcement self-regulation risk regulation cost-benefit analysis & more utility regulation-oriented topics such as price-setting It will be an essential resource for academics researchers & graduates across the social sciences studying regulation