Abstract
Regulation is typically conceived as a two-party relationship between a rule-maker or regulator (R) and a rule-taker or target (T). We set out an agenda for the study of regulation as a three- (or more) party relationship, with intermediaries (I) at the center of the analysis. Intermediaries play major and varied roles in regulation, from providing expertise and feedback to facilitating implementation, from monitoring the behavior of regulatory targets to building communities of assurance and trust. After developing the basic regulator- intermediary-target (RIT) model, we discuss important extensions and variations of the model. We then discuss the varieties of regulatory capture that may appear where intermediaries are involved.
Original language | American English |
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Pages (from-to) | 14-35 |
Number of pages | 22 |
Journal | Annals of the American Academy of Political and Social Science |
Volume | 670 |
Issue number | 1 |
DOIs | |
State | Published - Mar 2017 |
Keywords
- Capture
- Intermediaries
- Orchestration
- Regulation
- Regulatory governance
- Rule-makers
- Rule-takers
All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- Social Sciences(all)