2017
DOI: 10.1111/rego.12146
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Regulation under uncertainty: The coevolution of industry and regulation

Abstract: As production and design disintegrate and become more collaborative, involving dynamic relations between customers and firms supplying complex subsystems and service, products and production methods become more innovative but also more hazardous. The inadvertent co-production of latent hazards by independent firms is forcing firms and regulators to address the problem of uncertaintythe inability to anticipate, much less assign a probability to future states of the worldmore directly than before. Under uncertai… Show more

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Cited by 38 publications
(42 citation statements)
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“…A functional approach explains the trend toward decentered regulation and the rise of meta‐regulation in terms of the drawbacks of command‐and‐control regulation. To flexibly regulate diverse entities (Carrigan & Coglianese, ; Parker, ) or cope with complex technology (Mills & Koliba, ), or ignorance and uncertainty (Sabel & Zeitlin, ; Sabel, Herrigel, & Kristensen, ), regulators must engage with and entrust stakeholders with regulatory tasks. Regulatory pluralism is also a functional response to the failures of “single‐instrument” approaches to regulation: “smart regulation” flexibly deploys a mix of both formal and informal regulatory instruments (Gunningham, Grabosky, & Sinclair, ).…”
Section: Existing Theories Of Changementioning
confidence: 99%
“…A functional approach explains the trend toward decentered regulation and the rise of meta‐regulation in terms of the drawbacks of command‐and‐control regulation. To flexibly regulate diverse entities (Carrigan & Coglianese, ; Parker, ) or cope with complex technology (Mills & Koliba, ), or ignorance and uncertainty (Sabel & Zeitlin, ; Sabel, Herrigel, & Kristensen, ), regulators must engage with and entrust stakeholders with regulatory tasks. Regulatory pluralism is also a functional response to the failures of “single‐instrument” approaches to regulation: “smart regulation” flexibly deploys a mix of both formal and informal regulatory instruments (Gunningham, Grabosky, & Sinclair, ).…”
Section: Existing Theories Of Changementioning
confidence: 99%
“…For example, Jackson (1997) in his research on Academic regulation in UK higher education argues that regulation is a critical concept which is far more wide-ranging in scope and substance than the notion of quality assurance which it is identified with. Also, in the Oil and Gas industry, the findings of a study by Sabel, Herrigel and Kristensen (2014) points to the fact that the emergent task of collaborative regulation under uncertainties, necessitates its joint working relationship with individual organizations' systematic efforts to improve their resilience. In addition, in the telecoms industry, a report by the International Telecommunications Union (ITU), reveals that there is an overwhelming agreement by stakeholders that there is a pressing need for regulatory authorities to form collaborative relationships with industry actors especially as it concerns the present day (ITU News, 2016).…”
Section: Literature Reviewmentioning
confidence: 99%
“…In addition, in the telecoms industry, a report by the International Telecommunications Union (ITU), reveals that there is an overwhelming agreement by stakeholders that there is a pressing need for regulatory authorities to form collaborative relationships with industry actors especially as it concerns the present day (ITU News, 2016). As a result, organizations are required, to identify their vulnerabilities, as well as capabilities in order to ensure that the measures required to enhance resilience of supply operations are put in place accordingly (Sabel & Zeitlin, 2008;Sabel & Williams, 2011;Sabel, et al 2014). Peck (2005) in his research on the drivers of supply chain vulnerability, argues that it is when the supply chain ought to be in the established steady state that it is most vulnerable, since that is when it is most inclined to external pressures.…”
Section: Literature Reviewmentioning
confidence: 99%
“… See Sabel et al. () and Hoekman and Sabel () for additional discussion and references to the literature. …”
mentioning
confidence: 99%