Rules versus discretion: The productivity consequences of flexible regulation

• 成果类型: Article
• 署名作者: Majumdar, SK; Marcus, AA
• 署名单位: Imperial College London; University of Minnesota System; University of Minnesota Twin Cities
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/3069344
• 发表日期: 2001
• 页码: 170-179
• 关键词: environmental-regulations; implementation; INNOVATION; competitiveness; EFFICIENCY; IMPACT

摘要

Using data from electric utilities, this study shows that spending on well designed regulations has a positive productivity impact but that spending on less well-designed regulations has a negative effect. Better-designed regulations are flexible and grant firms latitude on how to meet goals, allow them time to deploy new means to meet goals, and set ambitious goals that stretch them beyond current practices.