Abstract

PINZON CAMARGO, Mario Andrés. Practices to improve the regulatory environment in Colombia. Rev.econ.inst. [online]. 2016, vol.18, n.35, pp.207-228. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v18n35.11.

The purpose of this paper is to analyze, with a new institutional economics framework, regulatory activity and its motivations. Better regulatory frameworks contribute to create an environment of legitimacy for the actions of the State. Nevertheless, this legitimacy can only be achieved by ensuring the efficiency and effectiveness of such frameworks in relation to the aim pursued such as correct market failures, reduce inequity failures, or generation of more competitive environments.

Keywords : regulation; state legitimacy; market failures.

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