Suchergebnisse

This article advances a political theory of regulation that accounts for the choices of regulators and regulated entities when both are governments. Leading theories of regulation assume that governments regulate profit‐maximizing firms: Governments set rules, to which firms respond rationally in ways that constrain their behavior. But often the entities that governments regulate are other governments. We argue that government agencies and private firms often face different compliance costs, and that agencies have greater incentives than firms to appeal regulations through political channels. Simultaneously, the typical enforcement instruments that regulators use to influence firm behavior may be less effective against governments. Our empirical subjects are public and private entities' compliance with the U.S. Clean Air Act and Safe Drinking Water Act. We find that, compared with private firms, governments violate these laws significantly more frequently and are less likely to be penalized for violations.

Argues that the US model of corporate governance may not be the best choice for developing countries. Discussion begins with a look at the common law of fiduciary duties and market forces characteristic of the US model. Several reasons are then advanced as to why such a market-based model of corporate governance is not feasible for developing countries. In this light, it is suggested that a mandatory model of corporate law utilizing bright-line rules might result in better economic growth for developing countries. Concrete provisions for such a code are then considered, along with factors driving a thriving venture capital market.

Central Government refuses to accept the need for freedom of information or open government laws affecting its administration. In 1985, however, the Local Government (Access to Information) Act was passed which constitutes a freedom Of information law for local government. What has been the impact of this statute on local government administration? What problems or difficulties has the legis lation caused and what lessons for good government might the law and its operation hold?

What is the proper role of local government? Professor P.M. Jackson of Leicester University argues that local government deserves more support it gets. It can operate as a valuable counterweight to the centralising tendencies of national government.