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The rebates, which consist in granting a lump sum discount to the ...

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Conclusions – Lessons learnedIn this <strong>the</strong>sis I focused my attention on <strong>the</strong> use of Regula<strong>to</strong>ry Impact Assessment by <strong>the</strong> policymakers <strong>in</strong> order <strong>to</strong> achieve a better understand<strong>in</strong>g of all <strong>the</strong> possible impacts of <strong>the</strong> regulation. <strong>The</strong>grow<strong>in</strong>g use of this <strong>to</strong>ol is due <strong>to</strong> <strong>the</strong> wil<strong>in</strong>ess of policy makers <strong>to</strong> reach <strong>the</strong> so called “betterregulation”, that means a regulation able <strong>to</strong> promote <strong>the</strong> competitiveness and <strong>the</strong> development of <strong>the</strong>market, without impose useless burdens <strong>to</strong> bus<strong>in</strong>ess and public adm<strong>in</strong>istrations.<strong>The</strong> analysis of RIA is very important from a Law and Economics perspective: RIA, for manyaspects, may be considered <strong>the</strong> pragmatic and policy application of what many scholars of Law andEconomics have said: <strong>the</strong> legislations, <strong>to</strong> be eligible of application, have <strong>to</strong> consider <strong>the</strong> costs andbenefits belong<strong>in</strong>g <strong>to</strong> <strong>the</strong>ir application and have <strong>to</strong> be implemented only and only if <strong>the</strong> benefits of<strong>the</strong>ir implementation are more than <strong>the</strong> costs. A correct understand<strong>in</strong>g of RIA process can be useful<strong>in</strong> order <strong>to</strong> <strong>in</strong>troduce <strong>the</strong> Law and Economics concepts <strong>in</strong><strong>to</strong> <strong>the</strong> policy-mak<strong>in</strong>g process. To achievethis objective is necessary <strong>to</strong> analyze <strong>in</strong> <strong>which</strong> way RIA was performed by policy-maker. Inparticular, it is important <strong>to</strong> understand if it was implemented <strong>in</strong> order <strong>to</strong> evaluate all possibleimpacts related <strong>to</strong> <strong>the</strong> different options taken <strong>in</strong><strong>to</strong> account by legisla<strong>to</strong>r, or, on <strong>the</strong> contrary, if it wasadopted <strong>in</strong> order <strong>to</strong> justify <strong>the</strong> achievement of o<strong>the</strong>r k<strong>in</strong>d of goals.In <strong>the</strong> first part of <strong>the</strong> work I have analyzed <strong>the</strong> born and <strong>the</strong> development of RIA <strong>to</strong>ol around <strong>the</strong>world. This overview is important <strong>to</strong> understand <strong>the</strong> different features that <strong>the</strong> <strong>to</strong>ol has as<strong>sum</strong>edaccord<strong>in</strong>g with <strong>the</strong> different <strong>in</strong>stitutional contest <strong>in</strong> <strong>which</strong> it was implemented.This different features are particular wide <strong>in</strong> compar<strong>in</strong>g <strong>the</strong> US and EU RIA model: this differencesare due <strong>to</strong> <strong>the</strong> different goals pursued by <strong>the</strong> governments: <strong>in</strong> <strong>the</strong> US context <strong>the</strong> RIA <strong>to</strong>ol was used<strong>to</strong> address a typical pr<strong>in</strong>cipal agent problem: RIA has become a <strong>to</strong>ol through <strong>which</strong> <strong>the</strong> govern canhave an ongo<strong>in</strong>g control on <strong>the</strong> regulation issued by <strong>the</strong> agencies <strong>in</strong> order <strong>to</strong> verify if <strong>the</strong> legislationsadopted was effective and efficient. Instead, <strong>in</strong> EU context <strong>the</strong> RIA model seem <strong>to</strong> be used <strong>in</strong> order<strong>to</strong> solve a legitimat<strong>in</strong>g problem: <strong>in</strong> fact it seem <strong>to</strong> be used <strong>to</strong> build <strong>the</strong> same <strong>in</strong>stitutional context <strong>in</strong><strong>which</strong> it should explicate <strong>the</strong>ir beneficial effects.93

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