Delegation and the Regulation of Risk
指出，当政治监督工具简单、信息传递粗糙时，监管决策会出现偏差和不一致，适合研究监管政治与委托代理问题的学者阅读。
Political principals typically use low-cost “fire-alarm” signals transmitted by the media, interest groups, and disaffected constituents to monitor the activities of regulatory agencies. We argue that regulatory decision making is biased and inconsistent if the instruments of political oversight are simple and the information flows to the principal are coarse relative to the complexity of the regulatory environment.Journal of Economic LiteratureClassification Numbers: D72, L51.