The Theory of Economic Regulation (Q1884)

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Any regulated industry has strong incentives to form close connections with its regulators to seek favors. The result is that industries influence the agency’s agenda, shape its rule-making and even supply it with personnel.
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The Theory of Economic Regulation
Any regulated industry has strong incentives to form close connections with its regulators to seek favors. The result is that industries influence the agency’s agenda, shape its rule-making and even supply it with personnel.

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