Executive and Regulatory Agencies
Executive and Regulatory Agencies
Executive and regulatory agencies are decentralized state organizations that implement policies. When the law clearly defines the policy, we have a state policy; when it leaves the precise definition to the incumbent administration, we have a government policy. Regulatory agencies are supposed to execute state policies and be more autonomous from the administration, whereas executive agencies will be less autonomous politically but equally independent in administrative terms. Policies introduced by executive agencies are supposed to change the moment that the opposition political party or political coalition wins an election and a new administration begins, whereas the policies introduced by regulatory policies do not change so easily. Government policies may be changed either by the parliament or by the executive, whereas state policies may be changed only by the parliament. Executive agencies are supposed to have administrative autonomy, regulatory agencies, decision autonomy, but policies are not or should not be their responsibility.
Keywords: agencies, executive agency, laws, monopoly, policies, policymaking, price determination, regulatory agency
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