search query: @author Drumaux, A. / total: 3
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| Author: | Debande, O. Drumaux, A. |
| Title: | Critical analysis of contractual regulation mechanisms: an organizational approach |
| Journal: | Journal of Socio-Economics
1996 : VOL. 25:4, p. 453-472 |
| Index terms: | ECONOMICS SOCIOLOGY CONTRACTS |
| Language: | eng |
| Abstract: | Starting from the contract as a coordination mechanism, this article questions the effectiveness of contractual regulatory mechanisms, i. e. the ability of regulation to attain its goal, not only in efficiency terms through the analysis of the production function, but also in organizational terms. Theories of agency and transaction costs are well-suited to investigation of coordination problems in regulation. The relationship between the regulator and the regulated firm has to be regarded as a principal-agent relationship. |
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