The private management of public regulation : the need for research

This developmental paper argues that public policy and management lack a sound, empirically-based understanding of how firms manage regulation, providing a summary and assessment of the relevant literature to support the argument. It proposes that research to remedy this deficiency would enable: one, a more accurate assessment of the impact of management on regulation; two, better design and implementation of regulation; three, more efficient management of regulation by the firm. It then develops a number of models of firm management of regulation based on the limited literature available, as a guide to further research.