Regulatory economics is the economics of regulation, in the sense of the application of law by government that is used for various purposes, such as centrally-planning an economy, remedying market failure, enriching well-connected firms, or benefiting politicians (see capture). It is not considered to include voluntary regulation that may be accomplished in the private sphere.
Read more about Regulatory Economics: Regulation As A Process, Theories of Regulation, Regulation As Red Tape, Deregulation
Famous quotes containing the word economics:
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)