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A regulation is a legal norm intended to shape conduct that is a byproduct of imperfection. A regulation may be used to prescribe or proscribe conduct ("command-and-control" regulation), to calibrate incentives ("incentive" regulation), or to change preferences ("preferences shaping" regulation"). In statist mechanisms it can also be extended to monitoring and enforcement of rules as established by primary and/or delegated legislation.

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  • A regulation is a legal norm intended to shape conduct that is a byproduct of imperfection. A regulation may be used to prescribe or proscribe conduct ("command-and-control" regulation), to calibrate incentives ("incentive" regulation), or to change preferences ("preferences shaping" regulation"). In statist mechanisms it can also be extended to monitoring and enforcement of rules as established by primary and/or delegated legislation.
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