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The Regulatory State: The Power of Not Having the Power to Act
[L’État régulateur : le pouvoir de ne pas toujours pouvoir]

Author

Listed:
  • David Martimort

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

In the light of the theory of incentives, the state is here considered as a chain of contracts between the citizen, the politician, the bureaucrat and the economic sphere. Yet, the incomplete character of these contracts shapes the forms of public action. This essay illustrates how the link between the citizen and the politician is thereby weakened, and the democratic implication of the citizen threatened.

Suggested Citation

  • David Martimort, 2021. "The Regulatory State: The Power of Not Having the Power to Act [L’État régulateur : le pouvoir de ne pas toujours pouvoir]," PSE-Ecole d'économie de Paris (Postprint) halshs-03231044, HAL.
    • Handle: RePEc:hal:pseptp:halshs-03231044
    DOI: 10.3917/pouv.177.0095
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