I have a new essay in which I propose a user guide to measure effectiveness of regulatory agencies. The essay is Designing Antitrust Agencies for More Effective Outcomes: What Antitrust Can Learn From Restaurant Guides.
Antitrust policy should be concerned with the quality and effectiveness of the antitrust system. Some efforts at agency effectiveness include self-study of antitrust agencies to determine the factors that lead to improving agency quality. Such studies, however, often focus only on enforcement decisions and other agency initiatives such as competition advocacy. They do not reflect at least one other part of the equation: what do non-government users of the antitrust system think about the quality of antitrust agencies? This Symposium Essay advocates the use of a ratings guide by antitrust practitioners for antitrust agencies to add to the tools in which to measure agency effectiveness for both mature and emerging antitrust agencies.