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Good Fences Make Good Neighbors: A Longitudinal Analysis of an Industry Self-Regulatory Institution

Abstract:

We extend theories of self-regulation of physical commons to analyze self-regulation of intangible commons in modern industry. We posit that when the action of one firm can cause "spillover" harm to others, firms share a type of commons. We theorize that the need to protect this commons can motivate the formation of a self-regulatory institution. Using data from the U.S. chemical industry, we find that spillover harm from industrial accidents increased after a major industry crisis and decrea...

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Michael L. Barnett More by this author
Andrew A. King More by this author
Publication date:
2008-12-05
URN:
uuid:66aada5d-b91f-4b2d-8cc6-6c28872293cf
Local pid:
oai:eureka.sbs.ox.ac.uk:7

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