A new approach to environmental policy advocated by state agencies and by the U.S. Environmental Protection Agency is to create "tracks" of environmental performance. The philosophy behind performance track programs is simple: distinguish strong environmental performers from weak ones and give...

A new approach to environmental policy advocated by state agencies and by the U.S. Environmental Protection Agency is to create "tracks" of environmental performance. The philosophy behind performance track programs is simple: distinguish strong environmental performers from weak ones and give...

We examine a rapidly emerging regulatory approach that we label management-based regulation. Management-based regulation shifts the locus of policy discretion from the government regulator to the regulated entity. Government directs private firms to incorporate public goals into their management...

We analyze a little-studied regulatory approach that we call management-based regulation. Management-based regulation directs regulated organizations to engage in a planning process that aims toward the achievement of public goals, offering firms flexibility in how they achieve these goals. The...