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International Games With National Rules

How Regulation Shapes Competition in ‘Global’ Markets

Bibliographic Data

ID6296624
AuthorsSteven Vogel (0000-0002-8597-575X, Harvard University Press, corresponding author), Steven K Vogel
Year1997
Volume17
Issue2
Pages169-193
Publication date1997-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Public Policy (JOURNAL)
Journal identifiersISSN: 0143-814X • E-ISSN: 1469-7815
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0143814x00003536
OpenAlexW2025226222
LanguageEN
Citations received9
References cited36

In the most global of industries, such as telecommunications and finance, international competition remains governed primarily by national regulations. When multiple national regulators govern international markets, the regulators themselves compete. But do they compete in laxity, trying to reduce regulation as much as possible, or do they compete in regulatory subsidy, trying to rig regulations to favor domestic firms? These questions are examined in Britain and Japan. In telecommunications and finance there has been no single global trend toward regulatory laxity or regulatory subsidy; national regulations still set the terms for international competition; the game of regulatory competition is so complex that it is difficult to find any single strategy for winning; and national authorities will continue to have difficulty in shifting regulation to the international level

Business · Competition (biology · Economics · Industrial organization · International economics · International market · International trade · Market economy · Subsidy · Global Financial Regulation and Crises · Merger and Competition Analysis · Regulation and Compliance Studies

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Unique citing works9
Citations per year0,36
Citation span2001 - 2021 (21)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 9

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