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1. A new kind of international regulatory system is spontaneously arising out of the failure of international 'Old Governance' (i.e., treaties and intergovernmental organizations) to adequately regulate international business. Nongovernmental organizations, business firms, and other actors,...
Persistent link: https://www.econbiz.de/10010302735
No governor has sufficient capabilities to govern single-handedly; all governors rely on agents, and thus become principals. The "governor's dilemma" results from the tradeoff between agent competence and principal control. Competent agents are difficult to control because their policy...
Persistent link: https://www.econbiz.de/10011824110
Persistent link: https://www.econbiz.de/10012096618
Regulators and other governors rely on intermediaries to set and implement policies and to regulate targets. Existing literatures focus heavily on intermediaries of a single type – Opportunists, motivated solely by self‐interest. But intermediaries can also be motivated by different types of...
Persistent link: https://www.econbiz.de/10014485897
Persistent link: https://www.econbiz.de/10012636768
A new kind of international regulatory system is spontaneously arising out of the failure of international "Old Governance" (i.e., treaties and intergovernmental organizations) to adequately regulate international business. Nongovernmental organizations, business firms, and other actors, singly...
Persistent link: https://www.econbiz.de/10008697237
We examine why international actors -- including states, firms, and activists -- create different types of legalized arrangements to solve political and substantive problems. We show how particular forms of legalization provide superior institutional solutions in different circumstances. We...
Persistent link: https://www.econbiz.de/10013159895
Regulation is typically conceived as a two-party relationship between a rule-maker or regulator (R) and a rule-taker or target (T). We set out an agenda for the study of regulation (and rules more broadly) as a three- (or more) party relationship – with intermediaries (I) at the center of the...
Persistent link: https://www.econbiz.de/10012961987
Most governance is indirect, carried out through intermediaries. Principal-agent (PA) theory views indirect governance primarily as a problem of information: the intermediary (agent) has an informational advantage over the governor (principal), which it can exploit for shirking, slacking or...
Persistent link: https://www.econbiz.de/10012907275
No governor has sufficient capabilities to govern single-handedly; all governors rely on agents, and thus become principals. The "governor's dilemma" results from the tradeoff between agent competence and principal control. Competent agents are difficult to control because their policy...
Persistent link: https://www.econbiz.de/10011820081