Regulatory capture
Revision as of 19:54, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Regulatory capture is when the firms supposedly being regulated end up playing a large role in setting the regulations that they will follow. ==Definition== According to...")
Regulatory capture is when the firms supposedly being regulated end up playing a large role in setting the regulations that they will follow.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Regulatory capture. When the firms supposedly being regulated end up playing a large role in setting the regulations that they will follow.
