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Agent–Principal Dilemma and the EU Chemical Management

Agent–Principal Dilemma and the EU Chemical Management AbstractIn 2007, the EU adopted the most comprehensive chemical regulation in the world. The so-called REACH requires all chemical producers and importers to register and evaluate their chemical products and, when necessary, replace them with safer alternatives. For the administration of REACH, a new European Chemicals Agency (ECHA) was established. Establishment of this specialized body under the close supervision of the European Commission created in many ways an untraditional relationship which differs from the agent-principal model. The main aim of this article is to explore the specific nature of the agent-principal relationship between the ECHA and the European Commission in the areas of delegation, information asymmetry, motivation and control structures and emphasize how specific measures may limit the negative outcomes of the agent-principal dilemma. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Baltic Journal of European Studies de Gruyter

Agent–Principal Dilemma and the EU Chemical Management

Filipec, Ondřej
Baltic Journal of European Studies , Volume 8 (1): 22 – Jun 1, 2018
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Publisher
de Gruyter
Copyright
© 2018 Ondřej Filipec, published by Sciendo
ISSN
2228-0596
eISSN
2228-0596
DOI
10.1515/bjes-2018-0009
Publisher site
See Article on Publisher Site

Abstract

AbstractIn 2007, the EU adopted the most comprehensive chemical regulation in the world. The so-called REACH requires all chemical producers and importers to register and evaluate their chemical products and, when necessary, replace them with safer alternatives. For the administration of REACH, a new European Chemicals Agency (ECHA) was established. Establishment of this specialized body under the close supervision of the European Commission created in many ways an untraditional relationship which differs from the agent-principal model. The main aim of this article is to explore the specific nature of the agent-principal relationship between the ECHA and the European Commission in the areas of delegation, information asymmetry, motivation and control structures and emphasize how specific measures may limit the negative outcomes of the agent-principal dilemma.

Journal

Baltic Journal of European Studies – de Gruyter

Published: Jun 1, 2018

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