Dynamics of reciprocal regulation
Reciprocity pervades regulation more than meets the eye. This thesis examined how regulators’ forbearance gives regulatees a chance to reciprocate with reforms or compliance. Compliance with laws or regulations is a reciprocal response to legitimate regulation. Compliance can also be a response to the observed compliance of fellow citizens. This is one aspect of indirect reciprocity, a concept that was developed theoretically as a key to successful regulation in this thesis. Reciprocity is also...[Show more]
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