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Industry Self-Regulation: A Game-Theoretic Typology of Strategic Voluntary Compliance

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Author Info
SIMON ASHBY
SWEE-HOON CHUAH
ROBERT HOFFMANN

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Abstract

We analyse the possibility of successful industry self-regulation in terms of the strategic interactions between industry members and government. In particular, this article presents a game-theoretic typology of generic self-regulatory scenarios and evaluates these in terms of the resulting likelihood of collective compliance. We discuss the advertising, press and life insurance industries in the UK as examples of the scenarios. Conclusions for corporate and public policy are offered.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal International Journal of the Economics of Business.

Volume (Year): 11 (2004)
Issue (Month): 1 (February)
Pages: 91-106
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Handle: RePEc:taf:ijecbs:v:11:y:2004:i:1:p:91-106

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Related research
Keywords: Industry Self-regulation; Voluntary Compliance; Game Theory; Public Goods; Collective Action; Jel Classifications: C72; D7; H11; K20; L51;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Hart, Oliver, 1995. "Corporate Governance: Some Theory and Implications," Economic Journal, Royal Economic Society, vol. 105(430), pages 678-89, May. [Downloadable!] (restricted)
  2. Shaked, Avner & Sutton, John, 1981. "The Self-Regulating Profession," Review of Economic Studies, Blackwell Publishing, vol. 48(2), pages 217-34, April. [Downloadable!] (restricted)
  3. Bomsel, O. & Borkey, P. & Glachant, M. & Leveque, F., 1996. "Is there room for environmental self-regulation in the mining sector?," Resources Policy, Elsevier, vol. 22(1-2), pages 79-86. [Downloadable!] (restricted)
  4. Telser, L G, 1980. "A Theory of Self-enforcing Agreements," Journal of Business, University of Chicago Press, vol. 53(1), pages 27-44, January. [Downloadable!] (restricted)
  5. North, Douglass C, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter. [Downloadable!] (restricted)
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