Your regulatory agency just released a proposal for comments on the implementation of self-regulation

Your regulatory agency just released a proposal for comments on the implementation of self-regulation, thus decreasing regulatory oversight of your company.

Your regulatory agency just released a proposal for comments on the implementation of self-regulation

According to Tenbrusel and Messick (1999), understanding forces that promote or reduce the tendency to cooperate is vital to ensuring the success or organizations and society and that left unattended, the tendency to cooperate and to expect cooperation from others decreases as time goes on.

Your regulatory agency just released a proposal for comments on the implementation of self-regulation, thus decreasing regulatory oversight of your company. Management has asked you to prepare a letter for comment to submit to the regulator.
Choose a position whether you are in favor of or against this proposal.

What argument would you provide to your regulator to support your view on this proposal?

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Factors Influencing Cooperation in Commons Dilemmas: A Review of Experimental Psychological Research

This chapter reviews recent experiments on psychological factors that influence cooperation in commons dilemmas. Commons dilemmas are social dilemmas in which noncooperation between individual people leads to the possible collapse of a resource. Hardin’s parable about herdsmen who share a common pasture. Each has an incentive to raise the number of sheep grazing. But if each herdsman does so they risk ruining the pasture. Further, illustrates the prototypical commons dilemma. From an economic perspective, commons dilemmas are one class of social interactions in which equilibrium outcomes are (Pareto) inefficient. Such inefficient equilibria are not confined to resource and environmental situations, but arise in other domains as diverse as industrial organization, public finance, and macroeconomic policy.

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