This book transcends current debate on government regulation by
lucidly outlining how regulations can be a fruitful combination of
persuasion and sanctions. The regulation of business by the United
States government is often ineffective despite being more
adversarial in tone than in other nations. The authors draw on both
empirical studies of regulation from around the world and modern
game theory to illustrate innovative solutions to this problem.
Their ideas include an argument for the empowerment of private and
public interest groups in the regulatory process and a provocative
discussion of how the government can support and encourage industry
self-regulation.
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