Management systems, meta-means regulation, flexible regulatory instruments, mandated self-regulation, process standards, risk management, administrative law, public administration, compliance
Environmental regulators have embraced management-based regulation as a flexible instrument for addressing a range of important problems often poorly addressed by other types of regulations. Under management-based regulation, regulated firms must engage in management-related activities oriented toward addressing targeted problems—such as planning and analysis to mitigate risk and the implementation of internal management systems geared towards continuous improvement. In contrast with more restrictive forms of regulation which can impose one-size-fits-all solutions, management-based regulation offers firms greater operational choice about how to solve regulatory problems, leveraging firms’ internal informational advantage to innovate and search for alternative measures to achieve the intended results more cost-effectively. Drawing on both illustrative cases of management-based regulation and on available empirical research, this chapter explains management-based regulation’s relative advantages and disadvantages as well as the likely conditions for its effective use.
Coglianese, Cary and Starobin, Shana M., "Management-Based Regulation" (2020). Faculty Scholarship at Penn Law. 2226.
Administrative Law Commons, Business Law, Public Responsibility, and Ethics Commons, Economic Policy Commons, Environmental Law Commons, Environmental Policy Commons, Law and Economics Commons, Law and Society Commons, Policy Design, Analysis, and Evaluation Commons, Public Administration Commons, Public Law and Legal Theory Commons, Strategic Management Policy Commons