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In the last decades, NGOs have become an important participant in the work of political organizations (e.g., national authorities, the EU or the UN). This development brings many opportunities and also some challenges, including discourse failure which is one of the topics discussed in this...
Persistent link: https://www.econbiz.de/10014149679
Modern risks are increasingly complex. Experts provide sober insights into the consequences of our regulatory choices. But these same risks also breed greater uncertainties and, thus, harder political decisions. Ever more urgent, then, becomes the need to ensure those decisions are transparent...
Persistent link: https://www.econbiz.de/10014219050
In this article, we analyse the determinants of Regulatory Quality-RQ for 193 countries in the period 2011-2020. We use a database from ESG-Environment Social Governance of the World Bank. We apply OLS, Panel Data with Fixed Effects and Panel Data with Random Effects. We found that the variables...
Persistent link: https://www.econbiz.de/10014355867
This paper contributes to addressing a fundamental question: how do institutions, in general, and financial regulators, in particular, “think”? To this end, the analytical tools of social psychology are applied to the regulatory framework for financial services in the European Union. The...
Persistent link: https://www.econbiz.de/10012848960
Many of the scholarly and political debates about cost-benefit analysis (CBA) focus on the merits or problems of the technique itself. But there has been little consideration of what role cost-benefit analysis has already had, and whether institutional constraints affect the regulatory process....
Persistent link: https://www.econbiz.de/10014057035
This thesis critically evaluates the governance, resolution of disputes and regulation of decentralised autonomous organisations (DAOs) through the lens of institutional cryptoeconomics (IC). DAOs, which use smart contracts, and therefore blockchain, are a new type of organisation, which can...
Persistent link: https://www.econbiz.de/10013313210
Public regulation is increasingly facing competition from "private politics" in the form of activism and corporate self-regulation. However, its effectiveness, welfare consequences, and interaction with public regulation are poorly understood. This paper presents a unified dynamic framework for...
Persistent link: https://www.econbiz.de/10012969832
Private politics are often introduced by market participants in the absence of public regulation. But when is private politics enough, efficient, or better than administratively costly public regulation? We present a novel framework in which we can study the interaction between regulation,...
Persistent link: https://www.econbiz.de/10010487511
We address empirically trust as a determinant of support for government intervention. The central notion provided in the present paper is that the influence of generalized social trust on intervention attitudes is conditional on the perceived reliability, honesty, and incorruptibility of state...
Persistent link: https://www.econbiz.de/10010426545
As markets evolve, new regulatory concerns emerge. In response, policymakers institute new requirements for private businesses. Because they impose costs and generate uncertainty, these requirements may deter firm investment. To reduce regulatory uncertainty and favor investment, a principal can...
Persistent link: https://www.econbiz.de/10013005474