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- Title
TOO MANY THINGS TO DO: HOW TO DEAL WITH THE DYSFUNCTIONS OF MULTIPLE-GOAL AGENCIES.
- Authors
Biber, Eric
- Abstract
The article discusses the aspects of the problem of multi-goal agency in the U.S. and the range of options that institutional and legal designers can rely upon to address it. The National Park Service is charged both with protecting natural resources and parks and developing facilities for visitors. The Food and Drug Administration is required to ensure that new drugs placed on the market are safe and to grant access for doctors and patients to those drugs. Differing incentives and inadequate information are the basic problems of any principal-agent system. According to economists, these can interact in a variety of ways to undermine efforts to achieve its goals through a principal-agent relationship.
- Subjects
UNITED States; GOVERNMENT agencies; UNITED States. National Park Service; UNITED States. Food &; Drug Administration; PUBLIC administration; GOVERNMENT policy
- Publication
Harvard Environmental Law Review, 2009, Vol 33, Issue 1, p1
- ISSN
0147-8257
- Publication type
Article