tag: Government regulation

For much of the 20th Century, the government relied on a command-and-control form of regulation in their oversight of organizations across many sectors. In other words, the government mandated that these regulated entities undertake specific activities and then monitored their compliance. In the late 20th Century, reaction to the burdens and inefficacy of command and control led to a shift in some areas to performance-based regulation. Under this model,  the government determines targets for outcomes and regulated entities choose the…