Industry Self-Regulation: A Game-Theoretic Typology of Strategic Voluntary Compliance
We analyse the possibility of successful industry self-regulation in terms of the strategic interactions between industry members and government. In particular, this paper presents a game-theoretic typology of generic self-regulatory scenarios and evaluates these in terms of the resulting likelihood of collective compliance. Examples for the scenarios are discussed and conclusions for corporate and public policy offered.
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- Hart, Oliver, 1995. "Corporate Governance: Some Theory and Implications," Economic Journal, Royal Economic Society, vol. 105(430), pages 678-689, May.
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