The Theory of Economic Regulation applied to the Brazilian Mining Sector

Authors

  • Adriano Drummond Cançado Trindade Universidade de Brasília

Keywords:

Regulation. Economic theory. Mining.

Abstract

Purpose ”“ The article provides an assessment of the regulatory environment of the Brazilian mining sector and its theorization based on the theory of economic regulation. Upon such assessment, it will be possible to discuss the behavior of the regulator and to verify whether the theory of economic regulation is satisfactory for the analysis of the regulatory environment.

Methodology/approach/design ”“ The theory of economic regulation will be reviewed to define its boundaries and applicability, based on George Stigler and Richard Posner. Further, the Brazilian mining sector and its new regulator (the National Mining Agency ”“ ANM) will be presented to establish the setting for testing the theory of economic regulation. The test will be undertaken by reviewing the Normative Consolidation and the regulation applicable to tailings dams, considering the regulatory relevance of those subjects. The results of the test will be confronted with those anticipated by the theory of economic regulation.

Findings ”“ The results of the empirical analysis differ from what was anticipated by the exclusive application of the theory. There are elements that do evidence the prevalence of economic interests over the regulator. Nonetheless, further analysis that incorporates technical and procedural data is required in order to verify the actual influence of economic agents during the regulatory process in the mining sector.

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Author Biography

Adriano Drummond Cançado Trindade, Universidade de Brasília

Adriano Drummond Cançado Trindade é doutorando em Direito pela Universidade de Brasília (UnB); Mestre (Distinction) em Direito e Política dos Recursos Naturais pelo Centro de Direito e Política Energética, Mineral e do Petróleo (CEPMLP), da Universidade de Dundee, Reino Unido (2003); Professor Voluntário da Faculdade de Direito da UnB e pesquisador do Grupo de Estudos em Direito, Recursos Naturais e Sustentabilidade (GERN/UnB) da mesma instituição. É, ainda, advogado em Brasília com atuação destacada em direito administrativo e recursos naturais. E-mail: adrianodctrindade@gmail.com.

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Published

2019-09-10

How to Cite

TRINDADE, Adriano Drummond Cançado. The Theory of Economic Regulation applied to the Brazilian Mining Sector. Journal of Law and Regulation, [S. l.], v. 5, n. 2, p. 53–78, 2019. Disponível em: https://periodicos.unb.br/index.php/rdsr/article/view/27103. Acesso em: 4 dec. 2024.

Issue

Vol. 5 No. 2 (2019): Journal of Law and Regulation / Revista de Direito Setorial e Regulatório

Section

Articles

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