Behavioral Economics, Regulatory Compliance and Performance, And The Compliance Continuum

1466 Pages Posted: 16 Oct 2024

Date Written: September 10, 2024

Abstract

The purpose of this working paper is to apply a more integrated behavioral law and economics and neuroscience lens to the compliance and non-compliance conduct of firms and other regulated entities, and to their incentives, motivation and sense of duty and commitment to comply, not comply, or comply in an incomplete and contingent manner, with laws, regulations and social norms. Applying the behavioral lens is essential, since effective compliance promotion by government authorities, non-state regulators, the compliance units of regulated entities, and other legal, regulatory and market actors requires modifications to the attitudes, preferences, conducts, decision making, and "hearts and minds" of the less ethical, socially responsible, and compliant members of the regulated population.

Keywords: competition policy and law, consumer protection, regulatory compliance and performance, abuses of market power, conventional and digital markets, platforms and ecosystems

Suggested Citation

Ireland, Derek John, Behavioral Economics, Regulatory Compliance and Performance, And The Compliance Continuum (September 10, 2024). Available at SSRN: https://ssrn.com/abstract=4952636 or http://dx.doi.org/10.2139/ssrn.4952636

Derek John Ireland (Contact Author)

Carleton University ( email )

1125 colonel By Drive
Ottawa, Ontario K1S 5B6
Canada

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