Introduction
It is common to view agreements between regulators and regulated entities, such as enforcement settlements, voluntary compliance agreements, and even permits and licenses, as a specific regulatory tool grounded in negotiation, exchange, and consensus. In a forthcoming article in the Harvard Negotiation Law Review, titled “The Hidden Nature of Regulation,” I offer an alternative view and suggest that all types of regulation–including command-and-control (c&c), self-regulation, voluntary programs, regulatory sandboxes, disclosure, and “naming and shaming”– are based on agreements between government regulators and regulated entities (e.g. corporations and businesses).
Continue reading “Regulation as Agreement: Rethinking the Hard–Soft Divide”