Regulação e confiança: procedimentos regulatórios e análise das expectativas

Abstract

This article explores the impacts of expectations on the development of public policies by Brazilian regulatory agencies. In recent times, regulatory agencies have sought to democratically legitimize themselves and their results have increasingly been the object of independent evaluations. However, a large portion of law and economics explanations for regulatory issues have disregarded the impacts of stakeholder expectations and the credibility of the institutions involved in public policy development. Incorporating these impacts in the explanations of economic regulation result in significant analytical gains to understanding the legitimacy mechanisms of public policies. From there, some possible paths are created to incorporate the interactional factors of expectations in regulatory policies, as suggested in this article.