Crossing the Organizational Void: The Limits of Agency Theory in the Analysis of Regulatory Control

This article critically examines the key assumptions of the positive theory of political control. The authors argue that the key assumptions of the theory are flawed and that these flaws seriously limit the importance of much research in the field of regulatory studies. The authors develop a set of new assumptions which would reorient the regulatory studies and force researchers to give greater attention to the role of the bureaucracy in political‐bureaucratic relations.