Majone has written on a wide variety of subjects, but his most notable contribution concerns the EU's delegation of regulatory powers. In brief, Majone conceives of the delegation of regulatory powers to supranational institutions such as the European Commission as a means for member states to credibly commit to integration and implementing EU policies. Majone asserts that the scope of EU powers are primarily regulatory and contrasts delegation to the commission with national forms of delegation such as that to an independent central bank.
According to Majone, member states delegate certain regulatory powers to the Commission in order to insulate themselves from democratic pressures that would inhibit optimal policy outcomes, such as "shifting political property rights", whereby the commitments made by one government can be undone by a newly elected one, and "time inconsistency", where the optimal short-term policy may run counter to the optimal long-term policy. These problems indicate that decisions about purely regulatory matters should be made by institutions that are not democratically accountable. For example, although a policy of maintaining low inflation may be the best long-term policy, governments facing elections are motivated to lower interest rates and manufacture short-term economic "booms".
In the context of the EU, Majone interprets this as a defence of the perceived undemocratic nature of institutions like the European Commission and a warning against the introducing democratic reforms like a directly electedCommission President as it could undermine the functions of the supranational institutions.[3]
The Giandomenico Majone Prize
The Giandomenico Majone Prize was in honour of Giandomenico Majone for his outstanding contribution for the study of regulatory governance in the EU or beyond. This award recognises outstanding research by scholars in early stages of her or his career in the field of regulatory governance from all relevant disciplinary backgrounds. The Prize was limited to scholars having completed their PhD no more than seven years before the deadline for submission. The prize was awarded by the European Consortium for Political Research's Standing Group on Regulatory Governance.
Jean Monnet et l'Europe d'aujourd'hui. Baden Baden: Nomos. 1989. ISBN978-3789018206.
Guidance, Control and Evaluation in the Public Sector: The Bielefeld Interdisciplinary Project. Berlin: Walter de Gruyter. 1985. ISBN978-3110097078. (with Franz-Xaver Kaufmann and Vincent Ostrom, eds.)
Pitfalls of Analysis. International Series on Applied Systems Analysis. London: John Wiley & Sons. 1980. ISBN978-0471277460. (with Edward S. Quade, ed.)
^Majone, Giandomenico (July 2002). "The European Commission: The Limits of Centralization and the Perils of Parliamentarization". Governance. 15 (3): 375–392. doi:10.1111/0952-1895.00193.