The New Self-Governance: A Theoretical Framework
| Autor: | Stephen M. Maurer |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Leverage (finance)
Supply chain 05 social sciences Self-governance 0506 political science Oligopoly Competition (economics) Politics Leverage (negotiation) 0502 economics and business Political Science and International Relations Industrial relations Economics 050602 political science & public administration Business Economic system Free market Legitimacy 050203 business & management Industrial organization Shadow (psychology) |
| Zdroj: | Business and Politics. 19:41-67 |
| ISSN: | 1469-3569 |
| DOI: | 10.1017/bap.2016.4 |
| Popis: | Industry has organized increasingly effective self-governance initiatives since the 1980s. Almost all of these are based on the economic leverage of large retailers and manufacturers over their worldwide supply chains. This article documents commonalities in six of the best-studied examples—coffee, dolphin-safe tuna, fisheries, lumber, food processing, and artificial DNA—and offers straightforward economic and political theories to explain them. The theories teach that oligopoly competition can strongly constrain private power so that firms are answerable to a shadow electorate of consumers. Furthermore, rational firms often benefit from ceding significant power to suppliers and NGOs. These results extend traditional arguments that free markets constrain private power and suggest an explicit framework for deciding when private politics are legitimate.1 |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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