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Regulatory capture theory is a core focus of the branch of public choice referred to as the economics of regulation; economists in this specialty are critical of conceptualizations of governmental regulatory intervention as being motivated to protect the public good.
Stigler is best known for developing the Economic Theory of Regulation (1971), also known as regulatory capture, which says that interest groups and other political participants will use the regulatory and coercive powers of government to shape laws and regulations in a way that is beneficial to them.
The public interest theory of regulation claims that government regulation acts to protect and benefit the public. [1] The public interest is "the welfare or well-being of the general public" and society. [2] Regulation in this context means the employment of legal instruments (laws and rules) for the implementation of policy objectives.
Regulatory capture is the process through which a ... S. 1989 "The Economic Theory of Regulation after a Decade of Deregulation," Brookings Papers on Economic ...
He is best known for developing the Economic Theory of Regulation, [42] also known as regulatory capture, which says that interest groups and other political participants will use the regulatory and coercive powers of government to shape laws and regulations in a way that is beneficial to them.
A test that identifies biomarkers associated with autism just became available in most states. It's meant to help rule out autism in children who have higher likelihoods of it.
For eight months, the man had been following the carnivore diet — a high-protein, no-carb plan that focuses on eating only animal products, especially meat, eggs and some dairy; and excludes ...
Former Senate Republican Leader Mitch McConnell (Ky.) said he had “candid” conversations with President Trump when asked about reports that he and Trump got into “screaming matches” during ...