A theory of regulation is a set of propositions or hypotheses about why regulation emerges, which actors contribute to that emergence and typical patterns of ...

Regulation refers to the power and institutional capabilities of governments to regulate certain functions in the economy and civil society.

Two basic schools of thought have emerged on regulatory policy, namely, positive theories of regulation and normative theories of regulation.

Public interest theory explains regulation from viewpoints not restricted to im- perfect competition and unbalanced market operation. For a number of reasons, ...

This chapter makes a distinction between three types of theories of regulation: public interest theories, the Chicago theory of regulation and the public ...

In this paper, I review some of the key theories of economic regulation, and assess their relevance, paying particular attention to the regulation of securities ...

This paper examines the various theoretical issues in regulation with a view to enhancing understanding cif the regulation arena. Special.

What drives it? In general there are three major theories of economic regulation: public good theory, capture theory, and special interest theory. These are ...

Abstract. This paper reviews the economic theories of regulation. It discusses the public and private interest theories of regulation, as the criticisms ...

The public interest theory explains regulation in terms of imperfect competition, unbalanced market operations and missing markets, as well as the need to ...