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  • Industry self-regulation, subversion and public institutions, and social control of torts
    Grajžl, Peter ; Baniak, Andrzej
    We characterize the comparative efficiency of industry self-regulation as means of social control of torts. Unlike liability, which is imposed by courts ex post, industry self-regulation, much like ... government regulation, acts before the harm is done. As compared to government regulators, however, the industry regulates with superior information. Furthermore, a pro-industry bias inherent to self-regulation also arises under alternative institutional arrangements when adjudicators are vulnerable to pressure by industry members.We show when industry self-regulation is socially desirable and feasible, and clarify when it could be an attractive institutional arrangement for developing and transition countries.
    Vir: International review of law & economics. - ISSN 0144-8188 (Vol. 29, no. 4, 2009, str. 360-374)
    Vrsta gradiva - članek, sestavni del ; neleposlovje za odrasle
    Leto - 2009
    Jezik - angleški
    COBISS.SI-ID - 3522263
    DOI

vir: International review of law & economics. - ISSN 0144-8188 (Vol. 29, no. 4, 2009, str. 360-374)

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