Abstract
Should agencies confine their role to their main duty or should they embrace new and desirable societal objectives? This article first discusses two emblematic examples of mission expansion: socially responsible competition authorities and green central banks. It then sheds light on the ongoing debate using contributions to bureau- cratic design in economics and political science. On that basis, it warns against the risks associated with the loss of accountability, institutional conflicts, and the lack of policy coordination.
Keywords
Socially responsible competition policy; green central banks; missions; accountability;
JEL codes
- D73: Bureaucracy • Administrative Processes in Public Organizations • Corruption
- K21: Antitrust Law
- L41: Monopolization • Horizontal Anticompetitive Practices
- M14: Corporate Culture • Diversity • Social Responsibility
Reference
Jean Tirole, “Socially responsible agencies”, Competition Law and Policy Debate, vol. 7, n. 4, April 2023, pp. 171–177.
See also
Published in
Competition Law and Policy Debate, vol. 7, n. 4, April 2023, pp. 171–177