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A New Institutional Economics Perspective on Industry SelfRegulation,Used
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Product Description The idea of selfregulation as an instrument capable of mitigating socially undesirable practices in industries such as corruption, environmental degradation, or the violation of human rights is receiving substantial consideration in theory and practice. By approaching this phenomenon with the theory of the New Institutional Economics, Jan Sammeck develops an analytical approach that points out the critical mechanisms which decide about the effectiveness of this instrument. By integrating theory with practical examples of selfregulation, this study highlights the necessity to look at the institutional incentives of an industry, in order to come to a sound judgement about the feasibility and effectiveness of this instrument in a given situation. From the Back Cover The idea of selfregulation as an instrument capable of mitigating socially undesirable practices in industries such as corruption, environmental degradation, or the violation of human rights is receiving substantial consideration in theory and practice. By approaching this phenomenon with the theory of the New Institutional Economics, Jan Sammeck develops an analytical approach that points out the critical mechanisms which decide about the effectiveness of this instrument. By integrating theory with practical examples of selfregulation, this study highlights the necessity to look at the institutional incentives of an industry, in order to come to a sound judgement about the feasibility and effectiveness of this instrument in a given situation. About the Author Jan Sammeck is aresearch associate at the Dr. Werner Jackstdt Chair of Economic and Business Ethics at Handelshochschule Leipzig, where he also obtained his doctorate.
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