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European Policymaking: An Agency-Theoretic Analysis of the Issue

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Author Info
Schmidtchen, Dieter
Steunenberg, Bernard
Abstract

In various European legal acts the Council has delegated power to the Commission to set common policy, conditional on specific procedural requirements, which are commonly known as "comitology". In this paper we analyse whether and how far these implementation procedures help to overcome a dilemma of delegation, which arises if (a) a principal and an agent have conflicting interests and (b) the principal, due to the structure of the principal-agent relationship, cannot perfectly control the agent (structure-induced agent discretion). --

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File URL: http://econstor.eu/bitstream/10419/23127/1/2002-13_europol.pdf
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Paper provided by Saarland University, CSLE - Center for the Study of Law and Economics in its series CSLE Discussion Paper Series with number 2002-13.

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Date of creation: 2002
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Handle: RePEc:zbw:csledp:200213

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Related research
Keywords: European Union; comitology; principal-agent-relationship; structure-induced agent discretion;

Find related papers by JEL classification:
K1 - Law and Economics - - Basic Areas of Law
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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This page was last updated on 2009-12-2.


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