Regulation as Delegation
نویسندگان
چکیده
منابع مشابه
Delegation and the Regulation of Risk
Political principals typically use low-cost ‘‘fire-alarm’’ signals transmitted by the media, interest groups, and disaffected constituents to monitor the activities of regulatory agencies. We argue that regulatory decision making is biased and inconsistent if the instruments of political oversight are simple and the information flows to the principal are coarse relative to the complexity of the...
متن کاملDecentralization of Industrial Policy as Strategic Delegation
What is the appropriate degree of centralization in the context of industrial policy? The basic advantage of centralization results from internalization of external e ects. While most of the literature stresses the superior information of regional authorities as a countervailing force, the present paper discusses another argument in favor of decentralization: Delegation of authority to regional...
متن کاملLobbies, Delegation and the Under-investment Problem in Regulation
Regulatory uncertainty often results in under-investment especially where there are high sunk costs in utilities such as electricity, gas and telecommunications. To ensure security of supply in these industries timely and socially optimal investment is of the essence. A new perspective is provided on the under-investment problem in the regulation of a firm with market power. We compare a politi...
متن کاملDelegation Constraint Management Delegation Constraint Management
The paper addresses the issue of providing access control via delegation and constraint management across multiple security domains. Specifically, this paper proposes a novel Delegation Constraint Management model to manage and enforce delegation constraints across security domains. An algorithm to trace the authority of delegation constraints is introduced as well as an algorithm to form a del...
متن کاملSeparation of Ownership and Control: Delegation as a Commitment Device
This paper provides a theoretical model for explaining the separation of ownership and control in firms. An entrepreneur hires a worker, whose effort is necessary for running a project. The worker’s effort determines the probability that the project will be completed on time, but the worker receives some unobservable benefit by continuing his employment in the project. Thus, motivating the work...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Legal Analysis
سال: 2015
ISSN: 2161-7201,1946-5319
DOI: 10.1093/jla/lav005