Article

Socially responsible agencies

Jean Tirole

Résumé

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.

Mots-clés

Socially responsible competition policy; green central banks; missions; accountability;

Codes JEL

  • D73: Bureaucracy • Administrative Processes in Public Organizations • Corruption
  • K21: Antitrust Law
  • L41: Monopolization • Horizontal Anticompetitive Practices
  • M14: Corporate Culture • Diversity • Social Responsibility

Voir aussi

Publié dans

Competition Law and Policy Debate, vol. 7, n° 4, avril 2023, p. 171–177