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Reciprocity pervades regulation more than meets the eye. This thesis observes that regulators’ forbearance gives regulatees a chance to reciprocate with reform or compliance.
Compliance with law or regulation is a reciprocal response to legitimate regulation. Compliance can also be a response to the observed compliance of fellow citizens’. This is one aspect of indirect reciprocity, a concept that is developed theoretically as a key to successful regulation in this thesis.
Reciprocity is also indirectly exercised as stakeholders in a wide regulatory space impose costly sanctions on irresponsible corporations after observing their histories of defiance. Ways in which reciprocity takes place in regulation remain largely unexamined in the literature.
Past analyses of the limits of reciprocity in regulation and in responsive regulation have been flawed because they failed to consider a broad range of types of reciprocity. Using a series of in-depth interviews with people involved in prudential regulation in Australia and South Korea, this research explores ways in which diverse species of reciprocity are harnessed in regulatory space and the effects they have on regulatory outcomes.
About the Speaker
Seung commenced his PhD research in RegNet in 2012. His thesis examines diverse aspects of reciprocity harnessed at the regulatory frontline and their consequences in regulation, with a primary, yet not exclusive, focus on prudential regulation in Australia and South Korea.
Before coming to RegNet, he completed his PhD coursework in Political Thoughts at Korea University. For more information, visit his RegNet profile.