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For example, in most countries, regulation controls the sale and consumption of alcohol and prescription drugs, as well as the food business, provision of personal or residential care, public transport, construction, film and TV, etc. Monopolies, especially those that are difficult to abolish (natural monopoly), are often regulated.
The Anglo-Saxon model (so called because it is practiced in Anglosphere countries such as the United Kingdom, the United States, Canada, New Zealand, Australia [1] and Ireland [2]) is a regulated market-based economic model that emerged in the 1970s based on the Chicago school of economics, spearheaded in the 1980s in the United States by the economics of then President Ronald Reagan (dubbed ...
Economics of regulation is included in the JEL classification codes as JEL: K2, L51 Wikimedia Commons has media related to Economics of regulation . The main article for this category is Regulatory economics .
The Averch–Johnson effect is the tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits. If companies' profits to capital ratio is regulated at a certain percentage then there is a strong incentive for companies to over-invest in order to increase profits overall.
Regulatory capitalism claims that the capitalist system was built, cultivated, and controlled by regulation and that demand for regulation is in fact generated by capitalism. Deregulation may represent trends in some industries (notably finance), but more regulation is the general trend beyond that characterize modern and post-modern capitalism ...
On the other hand, there are also industries that did not need regulation in the past, but are in need of it now. This includes for example the real estate market. Another category are the markets that encountered major changes in regulatory approaches due to various crises. A prime example are stock exchanges following stock market crashes. [2]
A common and specific example is the supply-and-demand graph shown at right. This graph shows supply and demand as opposing curves, and the intersection between those curves determines the equilibrium price. An alteration of either supply or demand is shown by displacing the curve to either the left (a decrease in quantity demanded or supplied ...
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