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19 Dec 2017 Request (PDF) | The Public Interest | The Public Interest Theory of regulation explains, in general terms, that regulation seeks the protection and benefit of the public at large. This paper argues that possibly the Public Interest Theory does not exist as such for reasons that will be discussed later. In addition
Abstract. This paper reviews the economic theories of regulation. It discusses the public and private interest theories of regulation, as the criticisms that have been leveled at them. The extent to which these theories are also able to account for privatization and deregulation is evaluated and policies involving re-regulation
29 Jun 2015 [Abstract]: Through an empirical analysis of firms in Japan, this paper investigates to what extent the public interest and the private interest theories, respectively, explain the actual regulatory process. Our estimation findings are as follows. First, the explanatory power of the public interest theory is higher in
The Public Interest Theory of regulation explains, in general terms, that regulation seeks the protection and benefit of the public at large. This paper argues that possibly the Public Interest Theory does not exist as such for reasons that will be discussed later. In addition, the paper contends that the Stigler's and Posner's
public interest theories, the Chicago theory of regulation and the public choice theories. The Chicago theory is mainly directed at the explanation of economic regulation; public interest theories and public choice theories envisage in addition to that an account of social regulation. The core of the diverse theories is discussed
theories of business regulation to regulation inside government, this article suggests that the current wave of reform inside the UK public sector implicitly reflects a public interest view of regulation. However, the analogous public interest justifi- cation for the regulation of business has been heavily criticized and regulatory fail
3 Mar 2007 public interest (conceived in terms of the interests of consumers and citizens). In this short article, we criti- cally examine these developments in order to assess the potential benefits of regulatory change for the interests of the general public. Specifically, we ask, how do these new regulators develop and
THE THEORY OF GOVERNMENT. MALONEY. Clemson Economics. Revised: March 27, 2001. 1. 19. The Theory of Government. The Public Interest Theory of Government. The basic model of government that underlies most of the discussions that we have undertaken so far is called the Public Interest Model. This model is
Law, Economics, Public Interest and the Theory of Regulatory Capture.pdf. Uploaded by. Dr Mark O Igiehon ! ? ! # ? % &?( ? ! )?? ?(%(? Mountbatten Journal of Legal Studies LAW, ECONOMICS, PUBLIC INTEREST AND THE THEORY OF REGULATORY CAPTURE Mark Osa Igiehon Introduction The role of economic
These theories are classical public interest theory, capture theory, and the modern theory of credible commitment. Their underlying logic and assumptions are identified and the empirical scope of each of the theories is set out. Finally, it is discussed, on the basis of existing research whether there is supporting evidence for.
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